Question

36. Enter the following transactions in the Journal :
(1) Rs. 100 treated as Bad debts last year has been recovered from Ganesh
(2) Bought goods of list price Rs. 25,000 from Mohan at 20% trade discount and 2%
cash discount. 40% amount was p
aid through cheque.
(3)sold goods of list price Rs.50,000 to Rajiv at 20% trade discount and 2% cash discount. He paid 50% amount by cheque.
(4)sold goods worth Rs.10,000 to shivaji at 5% trade discount and 5% cash discount. He paid 1/4 payment in cash.
[ans. Total of journal Rs.61,050.]
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Answer 1

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