transaction of purchased goods of list price of Rs.40000 for Rs. 35000 for cash
Answers
Answered by
40
Purchase a/c Dr. 40000
To Discount a/c 5000
To Cash a/c 35000
(Being bought goods for discount)
_____________________________
Here,
We got a discount of 5000 which is a credited to us . If we allow anyone discount then we will see it as a debt.
_____________________________
#Thanks
To Discount a/c 5000
To Cash a/c 35000
(Being bought goods for discount)
_____________________________
Here,
We got a discount of 5000 which is a credited to us . If we allow anyone discount then we will see it as a debt.
_____________________________
#Thanks
isha1232:
we purchased goods not sale
But here we recive discount (profit) therefore it is debited
Ok i will tell u in deep
the correct transaction is purchase a/c 40000. to cash a/c 35000 to discount a/c 5000
U purchased 5 choclate of 10Rs each therefore total cost 50 Rs but the shop keeper gave u @ 40Rs .
Therfore u gain a profit of 10 Rs
U recived a discount of 10Rs
So it will be debited
Answered by
7
Hey ya!! frnd ......here is ur answer
==========
Accr to the question, we got a discount of ₹5000
That means :-
5000 Dr.
==========
#Uzumaki_Naruto
I hope this will help u....
Have a gr8 day ahead...☺️^-^☺️
==========
Accr to the question, we got a discount of ₹5000
That means :-
5000 Dr.
==========
#Uzumaki_Naruto
I hope this will help u....
Have a gr8 day ahead...☺️^-^☺️
Yaaa...how did u know that
XDXD
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