Question

journalise the following transaction sold goods to Ram for ₹ 15000 ,goods returned by Ram ₹1500,received cash from Ram in full settlement ₹500.

Answer 1

Ram a/c dr.. 15000
To sales a/c. 15000
2. sales return a/c ..dr. 1500
to ram a/c. 1500

3.cash a/c .. dr. 13000
discount allowed a/c dr 500
To Ram a/c. 13500

Answer 2

Ram Dr. 15000
to sales a/c 15000

Sales return a/c. Dr. 1500
to Ram. 1500

Cash a/c dr. 500
Discount allowed a/c dr. 13000
to Ram. 13500

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