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what will be the entry for credit purchases with discount
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Answer Posted / gouthami
purchases a/c -----------dr ****
To suppliers a/c ****
narration:Being credit purchases
2.when amount is being paid
suppliers a/c----------dr ****
To cash a/c ****
To discout received a/c ****
narration: Being the amount paid to suppliers.
| Is This Answer Correct ? | 8 Yes | 2 No |
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