On goods purchases of Rs.2,00,000 got trade discount of
20,000 from supplier, and the amounts paid to supplier is
1,00,000 in cash and RS.1,00,000 in check on the same day,
what would be the general ledger entry ?
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Answer Posted / gouthami
there is no entry for trade discount, only cash discounts
are taken into consideration.
| Is This Answer Correct ? | 3 Yes | 1 No |
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