Question

Q-24 Choose the correct
answer for the transaction: 3
Purchase goods worth
2,00,000 from Subham at
10% trade discount and 5%
cash discount. Half of the
payment made immediately
and remaining payble in
future. Find the amount paid
to subham immediately in
cash. *​

Answer 1

Answer:

a/c

 Particulars (Dr.) Amount Particulars (Cr.) AmountTo profit on apppropriation

X's capital a/c      4,08,000

+ Z's capital       +1.20,000  =5,28,000

Y's capital a/c     272,000

Z's capital a/c      50,000  8,50,000By P&L a/c      8,40,000

+ Z's salary   +10,0008,50,000