Question

(a) Paid cash 39,200 to Suresh in settlement of his dues, availed discount of 2%.

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Answer 1

Answer:

Received from Bharat cash Rs. 20,000, allowed him discount of Rs. 500. <br> (ii) Received from Vikas Rs. 35,000 by cheque, allowed him discount of Rs. 750. <br> (iii) Received from Amrit Rs. 38,000 in settlement of him dues of Rs. 40,000 in cash. <br> (iv) Received from Amrit Rs. 50,000 by cheque on account against dues of Rs 60,000. <br> (v) Paid cash Rs. 40,000 to Suresh, availed discount of `2%` . <br> (vi) Paid by cheque Rs. 25,000 to Mehar and settled her dues of Rs. 26,000. <br> (vii) Paid Rs. 25,000 to Yogesh by cheque on account. <br> (viii) Purchased goods costing Rs. 1,00,000 against cheque and availed discount of `3%`. <br> (ix) Purchased goods costing Rs. 60,000 from Akash & Co., paid `50%` immediately availing `3%` discount. <br> (x) Sold goods of Rs. 30,000 against cheque allowing `2%` discount. <br> (xi) Sold goods of Rs. 60,000 to Vimal received `50%` of due amount allowing `2%` discount.