Question

2073 Set C Q. No. 9 Transactions relating to purchases and sales of good
i. Goods purchased from Shyam Rs. 40,000.
ii. Goods returned to Shyam Rs. 5,000.
iii. Goods costing Rs. 10,000 sold to Ram for Rs. 12,000.
iv. Cash paid to Shyam Rs. 33,000 in full settlement of his account.
Required: a. Journal Entries
b. Shyam's Account​

Answer 1

Answer:

1]purchase Account..Dr to shyam Account

2]shyam AccountDr to purchase return

3]sales Account.Dr to ram Account

4]shyam Account Dr to cash Account