Bought goods for cash of the list price of 50000 at 20% trade discount and 5% cash discount. (2) sold goods to mukesh for rs.60000 at a profit of 10% trade discount 5%. (3) mukesh paid rs.58000 in full settlement of his account. (4) summit who owned us rs.4000 is declared insolvent and paid 40 paise in a rupee. (5) goods purchased of list price rs.40000 from sohan less 20% trade discount and 5% cash discount and paid 70% in cash.(6) outstanding salary e at the end of the year rs.3400. (b) distinguish between journal and ledger *
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