Purchased goods for cash from Govind for rs6000 at 20% trade discount

1.	Purchased goods for cash from Govind for rs6000 at 20% trade discount
Answer» 20% of 6000 = 1200 Also trade discount in not recorded in the books of accounts Therefore the journal entry will be Purchases dr. 4800 To cash. 4800 Also here Govind will not be credited as it\'s a cash transaction<br>20% of 6000 = 1200Also trade discount in not recorded in the books of accountsTherefore the journal entry will bePurchases dr. 4800 To cash. 4800Also here Govind will not be credited as it\'s a cash transaction

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