Question

0. Y. Pass Journal entries in the books of Raghunath Bros. from the following
transactions :-
2019
June 1 Raghunath Bros. started business with cash 780,000; Goods 340,000 and
furniture 20,000.
June 2 Sold goods to Nandlal of the list price of 20,000 at trade discount of 10%.
June 4 Nandlal returned goods of the list price of 74,000.
June 8 Received from Nandlal 14,150 jn full settlement of his account
.
June 10 Purchased goods from Brij Mohan of the list price of 10,000 at 15% trade discount.
June 13 Returned goods to Brij Mohan of the list price of 31,000.
OD
June 16 Settled the account of Brij Mohan by paying cash, under a discount of 4%.
June 18 Purchased goods from Anil 55,000; Sunil 10,000.
June 19 Paid cash to Anil 1;900 and discount received 100.
June 20 Paid 39,800 to Sunil in full settlement of his account.
June 20 Bought a 'Table Fan' for 8,000 for the domestic use of Raghunath.
hune 25 Sold goods for cash of the list price of 8,000 at 10% trade discount and 3% cash
Hdiscount.
June 30 Paid Rent 8,000; Trade Expenses 37,000 and Travelling Expenses 33,800.
[Ans. Total *2,54,000.]​

Answer 1

Answer:

Total answer will be 1 lakh

Explanation:

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