Question

(viii) Anil purchased, 1,000 Add Gell Roller Pens @ 50 each less 20% Trade Discount
and 3% Cash Discount if payment is made within 30 days. Anil paid 10,000
within 30 days and balance amount after 30 days period. Purchases Account will
be debited and Discount Received Account will be credited respectively with
(a) * 40,000, Nil.
(b) * 40,000, 300.
(c) 40,000,1,200.
(d) 40,000, 900.
(ix) Which of the following is correct entry to record cash purchase of 3,000 from Amar?
(a) Dr. Purchases A/c and Cr. Amar by 3,000.
(6) Dr. Amar and Cr. Purchases A/c by * 3,000.
(c) Dr. Cash A/c and Cr. Purchase A/c by * 3,000.
(d) Dr. Purchases A/c and Cr. Cash A/c by * 3,000.
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Answer 1

THE UPPER IS TRUE PLEASE FOLLOW ME ALSO

Answer 2

Answer:

viii= (A) 40,000, nil

Ix=(B) dr.amar and cr . purchase a/c by 3,000