Question

3 Sold goods of Rs.20,000 to Shivaan at 10% trade discount.
4 Deposited Rs.45,000 into our bank account.
5 Paid Rs.5.000 for rent, Rs.1,000 for stationery and printing and Rs.2.000 for miscellaneous expense.​

Answer 1

Explanation:

Shivaan a/c Dr. 18000

To Sales a/c 18000

(Being sold goods to shivaan at 10% trade discount)

Bank a/c Dr 45000

To Cash a/c 45000

(Being cash deposited into bank)

Rent a/c Dr 5000

Stationary and printing a/c Dr 1000

Miscellaneous expenses a/c Dr 2000

To cash a/c 8000

( Being paid for rent,stationary and printing and miscellaneous expenses)