Journal entry
1. Sold goods to ram rs 5000
2. Ram returned 5℅ of goods sold
Answers
to sales a/c
2 sales return a/c dr 250
to ram 250
Once upon a time, there lived two friends Sam and Frodo in a village.
They decided to visit a nearby city and buy lots of things.
But the first thing they both wanted was a wrist watch.
They took the first train from their village towards the city and were too enthusiastic about their journey.
They spoke about the various items they wanted to buy.
Along with them, there was a well-dressed man travelling.
He overheard their conversation and introduced himself to them as a businessman.
He said he had a few gold wrist watches with him which was sent to him by his friend from abroad.
He showed them the beautiful watches and asked them if they were interested in buying them.
Frodo took a hasty decision and paid a huge amount for it.
Sam did not believe the man and did not buy the watch.
On reaching their village after the trip, Frodo showed his watch to a goldsmith who told him that he had been cheated and the watch was not made of gold.
Thus it is said, ‘All the glitters, is not gold’.