We purchase goods worth rs. 25000 from shyam co. in credit.
We paid him 20000 and rest we refuse to pay. What is the
journal entry for it. This is not discount received.
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Answer Posted / rose
Purchase A/c----Dr 25000
To Discount A/c---cr 5000
To Shyam Co A/c---cr 20000
(Being Purchase of Goods & Discount Received)
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