Question

10% trade discount against cheque.
(xii) Aman returned goods of list price of 10,000 sold to him at 10% trade discount
4. Journalise the following transactions in the books of Bhushan Agencies:
(1) Received from Bharat cash 20,000, allowed him discount of 500.
(ii) Received from Vikas 35,000 by cheque, allowed him discount of 750.
(iii) Received from Akhil * 38,000 in settlement of his dues of 10,000 in cash.
(iv) Received from Amrit 50,000 by cheque on account against dues of 60,000,
(U) Paid cash 40,000 to Suresh, availed discount of 2%.
(vi) Paid by cheque 25,000 to Mehar and settled her dues of 26,000.
(vii) Paid 25,000 to Yogesh by cheque on account.
(viii) Purchased goods costing * 1,00,000 against cheque and availed discount of 3%.
(ix) Purchased goods costing * 60,000 from Akash & Co., paid 50% immediately availin
3% discount.
Purch Au
Gous​

Answer 1

Answer:

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