Question

12. Journalise the following transactions 1. Purchased goods from Sharma having listed price of 20,000 Trade discount allowed 10% 2. Sold goods to Varma having invoice price of 40,000, allowed Trade Discount 10%. 3. Purchased goods from Desai worth 20,000, Trade Discount 10%, Cash discount 5%. Cash paid immediately. 4. Purchased goods from Dinesh worth 50,000, 10% Trade Discount and 5% Cash Discount. Half of the amount paid to him immediately. 5. Sold goods to Anup worth 40,000. Allowed him 10% Trade Discount and 5% Cash Discount He paid cash immediately. 6. Sold goods to Rajesh worth 60,000 Terms: 10% Trade Discount and 5% Cash discount. Half of the amount received immediately. 7. purchased goods for cash
10,000. vat paid @ 10% . 8. sold gooda for cash 20,000; vat charged @ 10.% , cartage charged to customer 500 . 9 goods destroyed by fire .10,000. How would you deal : (i) if the goods are uninsured (ii) insured-the insurence co.admitted the claim in full (iii) insurance company admitted the claim to the extent of 6,000 ​

Answer 1

Answer:

insurance company admitted the claim to the extent of 6000

20000