Question

journalise the following transactions

1. sold goods to raman costing 10000 at a profit of 10%
2. sold goods to kiran costing 15000 at a cash discount 5%, half of the payment received.
3. received cash from kiran rs.6825 in full settlement.
4. purchased furniture from rajat on credit rs.25000.
5. issued cheque to rajat rs.20000 with discount of rs.5000
6. goods sold (costing rs.10000) at rs.12000 to rajesh.

please give correct answers. its very very very urgent
plz help me​

Answer 1

Answer:

1.Cash A/c Dr 11000

           to sales A/c 10000

           to profit A/c 1000

2.

Cash A/c dr 14250

discount A/c dr 750

        to sales ac 15000

3.

cash A/c dr. 6825

         to Kiran a/c 6825

4.

Furniture a/c Dr. 25000

         To Rajat A/c 25000

5.

Rajat Ac Dr. 20000

Discount received A.c dr 5000

            to Cash A/c 25000

6.

Cash / Rajesh.   A/c 12000

        to sales A/c 10000

        to Profit A/c 2000

Explanation: