Question

Journalise the following transactions in the books of Hero Enterprises.
Balance on 1st April 2019
Cash at Bank < 80,000, Sundry Debtors Ram 20,000, Rahim 30,000, Stock 55,000,
Building 1,50,000.
Credit Balances on 1st April 2019
Sundry Creditors Swapna 20,000, Rohit 30,000, Bank Loan 50,000.
2019
April 1 Purchased goods worth 1,50,000 from Prashant & Co., less 10% Trade Discount.
ditt

Answer 1

Answer:

purchase a/c Dr. 135000

To prashant & co. 135000

(being purchase good on credit & trade discount 10%)

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