Question

what is the journal entry for goods purchased for ₹20000 at 10% trade discount and 5% cash discount. payment made by cheque​

Answer 1

Purchase a/c Dr. 18000

To discount 900

To Bank 17100

(being good purchase)

Answer 2

Answer:

Explanation:

1.)  20,000 x 10/100 = 2000  [ Trade discount ]

2.)  20,000 - 2000 = 18,000  

3.) 18000 x 5/100 = 900  [Cash Discount ]

4.) 18,000 - 900 = 17100

Please mark me the brainiest !!!!!