Bought goods of 100000 from gopal and less 20% trade discount and 5%cash discount and 60% paid by cheque

Dear Student,

The following journal entry will be pass:
 Date  Particulars  LF  Debit (Rs.)  Credit (Rs.)
   Purchase A/c
     To Creditors A/c
     To Discount Received A/c
     To Bank A/c
 (Being good brought, cash discount received and 60% amount paid by cheque)




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