Journalise the following transactions and Prepare Raghav's Account
2018
Feb 1 Sold goods to Raghav 6,000
3 Received cash from Raghav 5,400 and allowed him cash discount 500
17 Invoiced goods to Raghav 14,000
20 Received from Raghav 6,000.
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4
Answer:
2018
February 1: Sold goods to Raghav
6000
February 3: Received cash from Raghav
5400
Allowed him Cash Discount:
500
17 February: invoiced goods to Raghav:
14000
20 February: Received from Raghav:
6000
=6000+5400=11400-(discount)500
=10900+14000=24900+6000
=30900
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0
Answer:
sold goods to raghav 6000
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