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 / jitender gupta
No entry.
The question is not completly and proper.because if
purchase from supplier of Rs.2lakh then he is providing
trade discount of Rs.20000 then we purchased from supplier
only amount of Rs.180000.That why the entry will be not.
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