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:
Regards,
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) | 80000 | 32000 2400 45600 |
Regards,