Question

from the following information prepare Babu's A/C in the books of chotu:
1) Sold goods to Babu rupees [email protected].
2) Received from Babu 50 percent in cash
3) Babu sold goods to us rupees 30000.
4) Paid rupees 20000 to Babu in cash​

Answer 1

Explanation:

BABU A/c

To sales a/c 18,000 By Cash a/c 9,000

To Cash a/c. 20,000. By Purcha. 30,000

To Balance C/d 11,000

Total. 39,000. 39,000

Trade discount =20,000 X 10/100

= Rs. 2,000