Question

Tell me the journal entry of

1. Purchased goods for cash from Govind for Rs. 6,000 at 20% trade discount

Answer 1

Explanation:

the journal entry will be.

purchases a/c dr 4800

to Govind a/c 4800

( being goods purchased from govind)

Answer 2

${ \pink { \underline { \bf{Thanks\:For\:Asking}}}}$

$\huge</p><p>\boxed{ \underline{ \underline { \bf{Answer}}}}$

${{ \underline { \bf{JOURNAL\:ENTRIE}}}}$

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▶️ Purchase Ac Dr.....4800

Purchase Ac Dr.....4800 To, Govind Ac Cr....4800

[ Being purchased goods from Govind for cash ]

${{ \bf{Calculation\:Of\:Trading discount}}}}$

6000 - 20℅ = 1200

Trading discount is ₹1200

[ This trading discount not recorded in the books of account ]

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