Question

a) Record the journal transaction in the books of Ravi Gupta
2019
Jan 1° goods of the list price of rupees 15,000 sold at a trade discount of 8%
Jan 8:-goods of the catalogue price of rupees 24,000 purchase at a trade discount of 20% from Ashok Agarwal
Jan 10th paid cash after deducting 5% discount to Sunil Bansal to whom 18,000 was pavable
Jan 14:- received cash after allowing 4% discount from Rajan Gupta who owned 20,000
Jan18 :-paid rupees 18,500 two Vijay Gupta in full settlement of his account rupees 19,000
Jan 22:-receive 22,400 from Ajay Kumar in full settlement of his account rupees 23,000
Jan 20: purchase goods of the list price of rupees 20,000 from bahadur for cash at a 10% trade discount and 5%
cash discount.​

Answer 1

goods of the list price of rupees 15000