1. Gold goods to shyam of the list poice Rs. 20000
at trade discount of 10%
2.Received from shyam full amount at 5% discount.
3. commission received in advance rs. 7000
4. cash invested in shares rs. 50000, brokerage paid 2 %
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Answer:
1. Shyam A/C Dr. 18,000
To Sales A/C 18,000
2. Cash A/C Dr. 17,100
Discount Allowed A/C Dr. 900
To Shyam 18,000
3. Cash A/C Dr. 7,000
To comm. rec. in advance 7,000
4. Investment on shares A/C Dr. 50,000
Brokerage A/C Dr. 1,000
To Cash A/C 51,000
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