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Bought goods from RAM of list price 15000 less 10% trade discount and 2% cash discount for cash

Posted by Ayush Kumar 6 years ago

CBSE > Class 11 > Accountancy

2 answers

Neelima Maurya 5 years, 11 months ago

Purchase A/C ............Dr. 13500 To Ram A/C. 13230 To Discount recievedA/C. 270

Nikita Yadav 6 years ago

Purchase - 15000 Less trade dis. 10% - 1500 We get - 13500 Now, less cash dis. 2% - 270 We get - 13230 Entry will be: Purchases a/c dr. 15000 To dis. Rec. A/c 270 To cash a/c. 13230 ( Trade discount will not show in entries only we less it but cash discount is always show in entries )

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