Question

11.) Prepare Sudha account from the following:
2018
February 1
Amount due from Sudha
4 Goods sold to Sudha
12 Goods returned by Sudha
16 Cash received from Sudha
22 Received cheque from Sudha
28 Sudha account settled with 10% discount​

Answer 1

Explanation:

debit side

2018 feb 1 To balance b/d 8000

feb 4 To sales a/c 11000

debit total is 19000

credit side

2018 feb 12 by sales returns a/c 4000

feb 16 by cash account 3000

feb 22 by bank a/c 6000

feb 28 by discount 600

by cash 5400

credit total is 18400

cash received ₹ 5400,

discount allowed ₹ 600.

Answer 2

discount allowed 600

total amount 19000