Question

7) Sold goods costing Rs.40,000 to Anita for cash at a profit of 25% on cost less 20%
trade discount and charged 8% sales tax and paid cartage Rs.100 (not to be charged
from customer)
8) Sold goods costing Rs.40,000 to Anil at a profit of 20% on sales less 20% trade
discount and charged 8% sales tax and paid cartage Rs.100(to be charged from
customer)
9) Sachin rejected and returned 10% of goods.
10) Bought goods of the list price of Rs.2,50,000 from Mohan less 20% trade discount
and 2% cash discount and paid 40% by cheque.
11) Purchased machinery from Rajiv for Rs.5,000 and paid him by means of a bank draft
purchased from bank for Rs.5020.
12) Paid rent of building Rs. 12,000. Half of the building is used by the proprietor for
residential use.
13) Paid life insurance premium Rs.2,000.
14) Charge depreciation on furniture @10% p.a. for one month(furniture Rs.12,000).
15) Provide interest on capital (Rs.60,000) at 15% p.a. for six months.
16) Charge interest on drawings (Rs.10,000) at 18% p.a. for six months.
17) Brokerage due to us Rs.500.
18) Proprietor withdrew for private use Rs.1,000 from office and Rs.800 from bank.
19) Purchased a cow for business Rs.20,000.
20) Paid Rs.250 in cash as wages on installation of a machinery.​

Answer 1

Answer:

cash a/c -Dr. 40000

To sales a/c.40000

Answer 2

Answer:

i want answer of this question