Purchase ac Dr 10800
to cash ac 8380.8
to discount received ac 259.2
to creditor ac 2160

**Journal Entry for Goods Purchased from M/s Neel Kamal**

The journal entry for the purchase of goods from M/s Neel Kamal at a list price of Rs 12000 at 10% trade discount and 3% cash discount, with cash paid up to 80% of the amount, can be recorded as follows:

Date | Particulars | L.F. | Debit (Rs) | Credit (Rs)
--- | --- | --- | --- | ---
[Date of Purchase] | Purchases Account | Dr | 10,080 |
| Discount Received Account | Dr | 240 |
| [Cash/Bank Account] | Dr | 8,736 |
| To M/s Neel Kamal | | | 11,760 |

**Explanation**

The above journal entry is based on the following given information:

- The goods are purchased from M/s Neel Kamal at a list price of Rs 12,000.
- A trade discount of 10% is allowed on the list price.
- A cash discount of 3% is allowed on the remaining amount after the trade discount.
- Cash is paid up to 80% of the amount.

Therefore, the calculation of the total amount paid can be done as follows:

List price = Rs 12,000
Trade discount (10%) = Rs 1,200
Net amount = Rs 10,800

Cash discount (3%) = Rs 324
Amount payable after cash discount = Rs 10,476

Cash paid (80%) = Rs 8,381.60

Hence, the journal entry is recorded accordingly.

The Purchases Account is debited with the net amount payable (i.e., Rs 10,080) after deducting the trade discount. The Discount Received Account is also debited with the cash discount amount (i.e., Rs 240) received. The Cash/Bank Account is debited with the cash paid (i.e., Rs 8,736). Finally, the account of M/s Neel Kamal is credited with the total amount paid (i.e., Rs 11,760).

In conclusion, this journal entry records the purchase of goods from M/s Neel Kamal with the applicable trade and cash discounts and the partial payment made in cash.