Question

1) sold goods on credit to rs 3000
2)sent cheque to Z in settlement of his account 3600
3) drew cheque for personal expenses rs 1400 and assistant's salary rs 1800
4) settled the accounts of c and y Ltd.

record the foregoing in appropriate books of original cost ​

Answer 1

Answer:

Goods worth Rs. 2,000 found defective were returned to ishtiaq & co. and the balance of the amount due to them was settled by issuing a cheque in their favour. journal