Damisetty Saketh (student) (108 Points)
26 December 2017
satish
(teaching)
(2046 Points)
Replied 26 December 2017
1. On purchase of goods on credit:
Purchases A/c Dr 25,000
To Y A/c 25,000
2. on payment for the bill Y
Y A/c Dr. 25,000
To Bank 25,000
3. amount of discount is received from Y
Y A/c Dr. 1,500
To discount received 1,500
4. On receipt of 1,500 cheque for disc from Y
Bank A/c Dr. 1,500
To Y A/c 1,500
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