action in journal: (i) 5,000 रु. का माल कमल को 20% व्यापारिक बट्टे और 5% नकद बट्टे पर उधार बेचा। Goods sold on credit to Kamal worth Rs. 5,000 on the 20% trade discount and 5% cash discount. (ii) किशोर से 2,000 रु. का माल 10% व्यापारिक कटौती और 2% नकद कटौती के शर्त पर खरीदा। Goods purchased from Kishor on cash worth Rs. 2,000 in the condition of 10% trade discount and 2% cash discount. (iii) सनत को 4,000 रु., का माल 15% व्यापारिक छूट और 5% नकद छूट की शर्त पर बेचा। शुद्ध देय राशि का 50% चेक द्वारा भुगतान कर दिया गया। Goods sold from Sanat worth Rs. 4,000 in the conditon of 15% trade discount and 5% cash discount. He is paid 50% of net paid amount by cheque. (iv) सुधीर से 6,000 रु. का माल 20% व्यापारिक अपहार और 2.5% नकद अपहार की शर्त पर खरीदा और आधी देय राशि का नकदी भुगतान किया। Goods purchased worth Rs. 6,000 by Sudhir in the condition of 20% trade discount and 2-5% cash discount, the total of paid up amount is paid by cash को 14000 रु.]
Answers
i) Kamal Account Dr. 4,500
To Sales Account 4,500
(Being Sales recorded after deducting trade discount of 10% on Rs. 5000)
i) Cash Account Dr. 4,275
Discount Allowed Account 225
To Kamal Account 4,500
(Being cash discount of 5% allowed on Sales value of 4,500)
1,800
ii) Purchases Account Dr. 1,800
To Kishor Account
(Being Purchase recorded after deducting trade discount of 10% on Rs. 2000)
ii) Kishor Account Dr. 1,800
To Cash Account 1,764
To Discount Received Account 36
(Being cash discount of 2% received on Purchase value of 1,800)
iii) Sanat Account Dr. 3,400
To Sales Account 3,400
(Being Sales recorded after deducting 15% trade discount on Rs. 4000)
iii) Bank Account Dr. 1,615
Discount Allowed Account 85
To Sanat Account 1,700
(Being cash discount of 5% allowed on 50% amount received)
iv) Purchases Account Dr. 4,800
To Sudhir Account 4,800
(Being Purchase recorded after deducting trade discount of 20% on Rs. 6000)
iv) Sudhir Account Dr. 4,800
To Cash Account 4,680
To Discount Received Account 120
(Being cash discount of 2.5% received on Purchase value of 4,800)