Question

16 Sold goods to Shiv Parshad of the list price of 10,000 at a trade discount of 15%. good of the list price of 1,000.
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Answer 1

Explanation:

Journal

In the Books of Manohar Lal

Date Particulars L.F. Debit Amount (₹) Credit Amount (₹)

2018

Mar. 01 Cash A/c Dr. 60,000

To Capital A/c

60,000

( Started business with cash)

Mar. 02 Furniture A/c Dr. 10,000

To Cash A/c