Question

Feb. 28 Salary paid
TRADE DISCOUNT AND CASH DISCOUNT
11.Journalise the following transactions in the books of Modi :
2011
Jan. 1 Modi started business with 2,00,000, of which he borrowed 7 50,000 from
a bank.
Jan. 5 Purchased goods worth * 30,000 at a trade discount of 5%.
Jan. 6 Purchased goods worth 40,000 at a cash discount of 6%.
Jan. 7 Sold goods worth F 35,000 to Hooda at a trade discount of 2%.
Jan. 8 Sold goods worth 25,000 to Nitish at a cash discount of 4%, cheque was
received on the spot.
Jan. 12 Goods of the selling price of +20,000 were sold at a trade discount of 5%
and cash discount 2%, payment received by cheque.
please help me​

Answer 1

Answer:

can u people stop being big