Question

24. Give journal entries in the books of Mr.Naresh:
2008
Jan 1
Started business with Rs.10000
Jan 2
purchased goods from Gautam of Rs.1000 at 10% trade discount.
Jan 5
Naresh sold goods of Rs.5000 @5% trade discount and 10% cash discount.
Jan 10
Naresh returned goods of Rs.200
Jan 14
gave away as charity goods of Rs.500 and cash Rs.520.​

Answer 1

this is your answer i have done two entry of jan 14 if you want you can do compound entry