Question

Journalise the following transactions: 4
1. Sold goods to Ram costing rupees `12,000 at 25% profit on cost less 10% trade
discount.
2. Second hand machinery is purchased from Sohan for rupees `17,000 paid repair
charges rupees 3000 and carriage charges 1000.
3. Salary due but not paid to Amar`3,000.
4. Withdrew cash from bank for office use `3,000 and for personal use rupees
`2,000.

Answer 1

Explanation:

answer for above question is given below