Question

5. Record the following transactions occurred in a business in the Journal :
(a) Goods purchased from Ramen for 15,000 at a trade discount of 20% and cash discount of 5%
(b) Cash paid to Batuklal * 1,500 as house rent of the proprietor;
(c) Charge depreciation of Plant & Machinery * 2,000 and on Factory Building 3,000;
(d) Repaid Loan to the bank * 20,000 with interest accrued on such loan 2,500;​

Answer 1

Answer:

Record the following transactions occurred in a business in the Journal :

(a) Goods purchased from Ramen for 15,000 at a trade discount of 20% and cash discount of 5%

(b) Cash paid to Batuklal * 1,500 as house rent of the proprietor;

(c) Charge depreciation of Plant & Machinery * 2,000 and on Factory Building 3,000;

(d) Repaid Loan to the bank * 20,000 with interest accrued on such loan 2,500;

Answer 2

the ans is

(d)repaid loan to the bank *20,000 with interest accrued on such loan 2,500;