Accountancy, asked by manassinghal, 10 months ago

5th transaction????​

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Answers

Answered by ABBISHECK
1

Answer:

cannot understand what you are saying. ...my dear friend or bro

Answered by billakantinikhilsai4
1

Explanation:

Actually in point b Mohit purchased goods from Rohit of ₹50000

but in point e he paid to rohith only ₹48500 in full settlement, which means mohith had been provided with ₹1500 (50000 - 48500 = 1500) Discount by rohith and the entries are

1) Purchases 48500

to Rohith 48500

2) Discount Allowed 1500

to Rohith 1500

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