Question

What is a journal entry of purchase goods at the price list of rupees 15000 less 9% trade discount 6.5 cash discount from sanjay, cash paid rupees , 75 of the total price

Answer 1

Answer:

Purchase A/c Dr 13650

To Discount Recieved A/c 1013

To Cash A/c 11250

To Creditor A/c 1387

(follow if useful)