RANE
  • RANE
which accounts should these 2 transaction to be recorded in? 1-Purchased inventory on credit from farhiya the business will receive a 5% discount if payment is made within 7 days AMOUNT= $5500 2-Paid the amount owing to farhiya and received the discount (an entry is also required for the GST adjustment)
Finance
schrodinger
  • schrodinger
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At vero eos et accusamus et iusto odio dignissimos ducimus qui blanditiis praesentium voluptatum deleniti atque corrupti quos dolores et quas molestias excepturi sint occaecati cupiditate non provident, similique sunt in culpa qui officia deserunt mollitia animi, id est laborum et dolorum fuga. Et harum quidem rerum facilis est et expedita distinctio. Nam libero tempore, cum soluta nobis est eligendi optio cumque nihil impedit quo minus id quod maxime placeat facere possimus, omnis voluptas assumenda est, omnis dolor repellendus. Itaque earum rerum hic tenetur a sapiente delectus, ut aut reiciendis voluptatibus maiores alias consequatur aut perferendis doloribus asperiores repellat.

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RANE
  • RANE
@FutureMathProfessor
RANE
  • RANE
can u pls pls again?
anonymous
  • anonymous
First when purchase is done on credit Purchases debit $5500 Fariya Credit $5500 and if payment is made within 7 days Purchases $5500 Discount received $275 Cash or bank $5225

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