Question

(iii) Received cash from Akhil * 38,000 in settlement of his dues of * 40,000.
(iv) Received from Amrit * 50,000 by cheque on account against dues of 60,000.
(u) Paid cash *39,200 to Suresh in settlement of his dues, availed discount of 2%.
(vi) Paid by cheque * 25,000 to Mehar in settlement of her dues of 26,000.
(vii) Paid * 25,000 to Yogesh by cheque on account.
(vii) Purchased goods costing 1,00,000 against cheque and availed discount of 3%.
(ix) Purchased goods costing 60,000 from Akash & Co., paid 50% immediately availing
3% discount.
(x) Sold goods of 30,000 against cheque allowing 2% discount.
(xi) Sold goods of 60,000 to Vimal received 50% of due amount allowing 2% discount.
(xii) Mittal Bros. purchased 100 shawls @* 3,000 per shawl. Allowed 10% Trade Discount
and 3% Cash Discount if payment is made within 14 days. Mittal Bros. received
10 shawls of poor quality, which it returned. Mittal Bros. settled the payment in 10 days.
(iii) Sold to Gupta Shawls, 100 shawls @ 200 per shawl on 4th January, 2020. Trade
Discount 25% and Cash Discount 5% if full payment is made within 14 days. Gupta
Shawls sent 50% of the payment on 14th January, 2020 and balance payment on
10th February, 2020.​

Answer 1

Answer:

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Answer 2

Answer:

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