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 / mohamed ashir
Trade Discount Will not come in the books account ,but cash
discount will come in the books of accounts .
so here is trade discount...........
Purchse a/c dr 200000
To Cash 100000
To Bank 100000
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