Question

6.
Pass Journal entry in the books of Ganesh :
2007
December 3.
Rs.
1,00,000
Sold goods to Dev
Received from Dev in full settlement of his account 98,000
Sold goods to Mohen
80,000
Mohen returned goods
1000
Received from Mohen in full settlement of his account 78,200
Received cash from Ram and discount allowed 19,500
Paid cash to Pawan and discount received from him 300
Sold goods to Bikram of the list price of Rs. 25,000
at 20% trade discount.​

Answer 1

Answer:

ANSWER:

Journal

In the Books of Ganesh

Date Particulars L.F. Debit Amount (Rs) Credit Amount (Rs)

2017

Mar. 03 Dev’s A/c Dr. 1,00,000

To Sales A/c

1,00,000

(Goods sold to Dev)

Mar. 05 Cash A/c Dr. 98,000

Discount Allowed A/c Dr. 2,000

To Dev’s A/c

1,00,000

(Cash received from Dev in full settlement of his account)

Mar. 06 Manmohan’s A/c Dr. 80,000

To Sales A/c

80,000

(Goods sold to Manmohan)

Mar. 08 Sales Return A/c Dr. 1,000

To Manmohan’s A/c

1,000

(Goods returned to Manmohan)

Mar. 15 Cash A/c Dr. 78,200

Discount Allowed A/c Dr. 800

To Manmohan’s A/c

79,000

(Cash received from Manmohan in full settlement of his account)

Mar. 16 Cash A/c Dr. 19,500

Discount Allowed A/c Dr. 500

To Ram’s A/c

20,000

(Cash received from Ram and discount allowed)

Mar. 20 Pawan’s A/c Dr. 5,000

To Cash A/c

4,700

To Discount Received A/c

300

(Cash paid to Pawan and received discount)

Mar. 25 Varun’s A/c Dr. 20,000

To Sales A/c

20,000

(Goods sold @ 20% trade discount)

TOTAL 4,05,000 4,05,000