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Purchased goods for cash from Govind …

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Purchased goods for cash from Govind for rs6000 at 20% trade discount

    • Posted by Mohit Ranguri 3 years, 1 month ago

    CBSE > Class 11 > Accountancy
    • 2 answers

    Aryan Kumawat 3 years, 1 month ago

    20% of 6000 = 1200 Also trade discount in not recorded in the books of accounts Therefore the journal entry will be Purchases dr. 4800 To cash. 4800 Also here Govind will not be credited as it's a cash transaction

    1Thank You

    Sampada Kumar 3 years, 1 month ago

    20% of 6000 = 1200 Also trade discount in not recorded in the books of accounts Therefore the journal entry will be Purchases dr. 4800 To cash. 4800 Also here Govind will not be credited as it's a cash transaction

    2Thank You

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