Question

22. Journalise the following transactions:


1.Sold goods to John ₹ 3,000 at a trade discount of 10%.
2.Bought goods worth ₹ 6,000 from Suman at a trade discount of 5%.
3.Paid Jos ₹ 1,450 in full settlement of his account ₹ 1,500.
4.Received cash from Soman ₹ 1925 and discount allowed ₹ 75.
5.Jayan paid us cash ₹ 725 and he was allowed discount ₹ 15.
5.Anand paid us cash ₹ 700 and returned goods worth ₹ 500.

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Answer 1

John A/c Dr .2700

to sale A/c 2700

2 . purchase A/c Dr . 3000

to suman A/c 3000

3. josA/c dr. 1500

to discount received A/c. 50

to cash A/c 1450

4. cash A/c Dr 1925

discount allowed A/c75

to soman A/c. 2000

Answer 2

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