Question

2.5. Pass Journal entries and post it into ledger for the following transactions :-
[12]
2018
Jan. 6 Sold goods to Muskan of the list price of Rs.2,00,000 at trade discount of 20%.and preare ledger of that​

Answer 1

jan 6 muskan a/c Dr 1,60,000

trade discount Dr 40000

To. sales a/c 200000

ledger A/c of muskan

Dr Cr

particular. Amount particular Amount

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To sales. 200000. trade discount. 40000

balance c/f. 160000

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200000 200000

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ledger A/c of sales

Dr Cr

particular. Amount. particular. Amount

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balance c/f 200000 muskan A/c. 160000

trade discount. 40000

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200000. 200000.

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