Journal Entry 
Chapter - 4
Question - 18 

Enter the following transaction in the journal of Puroshottam Ramchandra :
  1. Bought goods of list price Rs. 10,000 at 5% trade discount from priya .
  2. Paid to Priya in full receiving 4% cash discount.
  3. Bought in cash goods of list price Rs. 50,000 at 10% trade dicount and 5% cash discount.
  4. Sold in cash goods of list price Rs. 20,000 at 10% trade discount and 5% cash discount.