Question

22.Record the following transactions in the journal of Naresh and co? [3]

2018

June Rs.

1. Paid cash to Mahesh 9,600

And discount received from him 400

4. Received cash from Arun 4,900

And discount allowed to him 100

10. Goods sold to Harish 30,000

12. Harish returned goods 2,000

14. Received cash from Harish Rs. 27500 in full settlement of his account

20. sold goods to Gopal of the list price of Rs.60,000/- at 10% trade discount

June

23 Purchased goods from Ravi of the list price of Rs. 20,000 at 15% trade

discount

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Answer 1

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