Question

give journal entries for the following transactions in the books of Partap rai and sons.
2017. Amt.
April 6 Returned defective goods by vasudev 1000

April 12 Paid for LIC of sh. Partap rai by cheque 2000

April 18 Bought goods from pawan, list price rs. 15000 less 20% trade

Answer 1

Answer:

sales returns a/c Dr 1000

To vasudev a/c 1000

Drawings a/c Dr 2000

To Bank a/c 2000

Purchases a/c Dr 12000

To Pawan a/c 12000