Question

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Answer 1

Answer:

Enter the following transactions in relevant subsidiary books of Kumar: 2020 Dec.01 Purchased goods from Prem for ₹ 20,000 less 5% trade discount. Dec.03 Purchased goods from Sunil for ₹ 15,000 for cash. Dec.05 Sold goods to suresh for ₹ 12,000. Dec.08 Sold goods to Karan ₹ 35,000 less discount 10%. Dec.10 Purchased goods from Mohan for ₹ 15,000 less trade discount 10%. Dec.13. Sold goods to Sundar for ₹ 30,000. Dec.17 Goods returned by Sundar worth ₹ 5,000. Dec.20 Goods returned to Prem ₹ 5,000. Dec.22 Sold old newspapers to Thamos ₹ 200. Dec.25 Purchased goods from Naveen for Rs. 20,000. Dec.28 Returned goods worth ₹ 3,000 to Mohan. Dec.30 Bought goods from Ajay ₹ 6,500. Dec.31 Allowances claimed from Ajay for shortage ₹ 50.