Question

Enter the following transactions of the journal of Ganesh bros
3 Sold goods to Dev 100000
5 Received from Dev in full Settlement of his account 980000
6 Sold goods to Manmohan 80000
8 Manmohan returned goods 1000
15 Received from Manmohan in full settlement of his account 78200
16 Received cash from ram 19500
and discount allowed 500
20 paid cash to Pawan 4700
and discount received from him 300
25 sold goods to Varun of the list price of rs 25000 at 20%
trade discount​

Answer 1

Answer:

Dev ac Dr 100000

To Sales 100000

cash/bank ac. Dr 980000

disc allowed ac Dr 20000

to Dev ac. 100000

Manmohan ac. Dr 80000

to Sales ac. 80000