from the following prepare ledger for praveen's account
2018
March
7-Balance due from praveen. ₹3, 500
7-Sold goods to Praveen. ₹1, 500
10- purchased goods from praveen.₹1, 000
15- Paid cash to Praveen. ₹800
23-received cash from praveen. ₹500
25 Returned goods to Praveen. ₹200
Praveen settled account with 10% discount.
[Ans : Cash received 4.050: Discount allowed 450]
Answers
Answer:
Praveen Account
Date. particulars. JF. amount. Date. particulars. JF. Amt
2014 2014
10th To sales a/c 1200. 1st. By bal. b/d. 4400
17th To cash a/c. 100. 5th By pur. a/c. 1500
13th. By bank a/c. 1000
23rd By p.r. a/c. 200
29th. By pur. a/c. 500
29th. By d.c.t. a/c. 250
Aug
30. To bal. c/d. 6550
7850. 7850
Sep
1st. By bal. b/d. 6550
Answer:
The answer is 6000 . And discount a/c is 450 and by bank is 4050