Interview Questions Answers in Accounting General

ravi

{ City } new delhi
< Country > india
* Profession * accounts executive
User No # 101825

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Question { Genpact, 19700 }

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 ?

Answer

purchase a/c dr 200,000
supplier a/c dr 20,000

To cash a/c cr 100,000
To bank a/c cr 100,000
To Discount a/c cr 20,000

Is This Answer Correct ?

2 Yes

6 No