Discount Allowed and Discount Received - Journal Entries with Examples
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Give Journal entries for the following:i Bought goods at the list price of Rs.50,000 from Vinod less 20 % trade discount and 2 % cash discount and paid 40 % by cheque.ii
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What is the journal entry “purchase goods from Shyamalan 20000 @ 10% trade discount and paid 40% cash at the time at 10% cash discount and 30% paid by bank”? - Quora
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