Question

4. Journalise the following transactions :
2013
Jan 1
Goods purchased for cash valued 8,000 at 10% trade discount and 2.5% cash discount from ram
8 Goods purchased from Naresh at 10% trade discount of catalogue price 76,000.
- 9 Goods returned to Naresh, catalogue price * 500.
* 14 Cash sales of goods worth 4,000 at 5% trade discount and 1% cash discount to Madan.
* 18 Goods worth * 2,000 sold to Ratan at 5% trade discount and 1% cash discount.
He paid 50% amount in cash.
* 28 Purchased goods worth 6,000 from Bharat at 10% trade discount and 2% cash
discount. Paid him 75% amount in cash.
* 31 Paid * 4,900 to Naresh in full settlement.
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Answer 1

Explanation:

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