1.Due to some quality defect mohan singh returned goods of Rs.30,000.
2.Recovered Rs.1,95,000 from ayesha in full settlement of his account.
3.Goods costing Rs.3,000 donated to NGO
4.Bought goods of the list price of Rs.2,000 from dalpat less 10% trade discount and 5% cash discount and paid 40% price immediately by cheque immediately.
Post the following transactions in journal account!
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Answer:
1. sales return a/c Dr 30,000
to mohan Singh 30,000
2. cash a/ c Dr
discount allowed a/c Dr
to Ayush a/c
3. charity a/c Dr
to purchase a/c
4. purchase a/c Dr 1,800
to cash a/c 684
to dalpat a/c 1080
to discount received a/c 36
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