Purchased machinery. From naveen of list price 20000.trade discount received 10%, what should be journal entry?

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What are the entries of purchase payable and sales receivable? from journal to f...
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Althaf Ali Jalaludheen
12-December-2018

Modern Trade Trade Studies Data Entry International Trade

Question added by ajay eren
Date Posted: 2016/03/23

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2 Answers

by Amarnath Menon , Assistant Manager , Axis Bank Ltd

Machinery Ac Dr

Dicount Ac Dr

To Purchase Ac

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Oluwatobi Balogun

by Oluwatobi Balogun , PAYROLL ASSISTANT , UNIEXCEL RESOURCES SDN BHD

Dr Machinery Non current account

Dr Discount Rec Account

Cr Purchases account

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