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.
Answers
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