Question

Journalise the following: (i) Received a cheque from J. Peterson 5,450. Allowed him discount of 150. (ii) Purchased 10 computers @ 15,000 for resale. Out of these 10 computers, one computer was put to office use. (iii) Returned goods to Sudershan of the value of 350. (iv) Issued a cheque in favour of M/s. Karanvir Timber Company on account of the purchase of timber of 75,000. (v) Timber of 25,000 was used for making office furniture. (vi) Paid ? 5,000 in cash to carpenter as furniture making charges.​

Answer 1

Answer:

Bank A/c dr 5450

cash discount A/c 150 dr.

To J. Peterson