Question

1.) Rahul started business with cash
1,00,000 & furniture 50,000
2. Purchase goods from Arman rs. 15000
and get 2% discount
3. Sold goods to Rahim for 20,000 and allowed
discount 5%

❤Pls help me in this entry of journal❤​

Answer 1

Answer:

1) Cash a/c Dr 100000

Furniture a/c Dr 50000

_______To capital a/c 150000

2) Purchase a/c Dr 15000

_________To cash a/c 12000

___To discount rec. a/c 3000

3) Rahim's a/c Dr 19000

Discount allowed a/c Dr 1000

________To sales a/c 20000

hope it helps..

Answer 2

Answer:

Cash a/c Dr 100000

Furniture a/c Dr 50000

_______To capital a/c 150000

2) Purchase a/c Dr 15000

_________To cash a/c 12000

___To discount rec. a/c 3000

3) Rahim's a/c Dr 19000

Discount allowed a/c Dr 1000

________To sales a/c 20000

hope it helps..