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Purchased goods at list price 20000 …

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Purchased goods at list price 20000 from vishal at 20% trade discount against cheque payment . post a journal entry

    • Posted by Satinder Kaur Kaur 8 years, 6 months ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Anamika Dubey 8 years, 6 months ago

    Purchases accout debit. 16000 To bank account 16000 20000×20÷100=4000 (trade discount) then 20000-4000= 16000

    0Thank You

    Kiran Deep 8 years, 6 months ago

    Purchases a/c. Dr. 4000 To bank a/c. Cr. 4000 ( being good purchased in discount )

    0Thank You

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