Question

journalise the following transaction in books of Laxman

mar 1. goods worth rs 6000 sold to schewag at a trade discount of 5 percent

mar 2. schewag returned one third of the goods
​

Answer 1

Answer :-

_______________________________

Journal Entry :-

① ⏩ Schewag Ac Dr...5700

Ac Dr...5700 To, sales Ac Cr..5700

(Being Goods sales for cash )

② ⏩ Sales return Ac Dr. .1900

To, Schewag Ac Cr...1900

(Being Sales returned by debtor)

_______________________________

Thanks & Good day :)

©Sachin BhaleRao...