Question

Journalise the following transactions in the books of Laxman :
2020
Mar 1 Goods worth ` 6,000 sold to Sehwag at a trade discount of 5%.
Mar. 2 Sehwag returned one-third of the goods.
Mar. 7 Purchased goods worth ` 8,000 from R.P. Singh at a trade discount of 4%.
Mar. 8 Returned one-fourth of the goods to R.P. Singh.
Mar. 11 Purchased goods worth ` 10,000 from Irfan at a trade discount of 5% and sold the same to Dravid for ` 15,000.
Mar. 12 Dravid returned one-fifth of the goods, which in turn were returned to Irfan. ok​

Answer 1

Answer:

Mar 1- sehwag a/c....dr. 5700

To sales a/c. 5700

Mar 2-Sales return a/c. 1900

To Sehwag 1900

Mar 7-Purchases a/c. 7680

To R.P.Singh. 7680

Mar 8-R.P. Singh. 1920

To Pur.ret a/c. 1920

Mar 11-Purchases a/c. 9500

To Irfan. 9500

Mar 11-Dravid. 15000

To sales a/c. 15000

Mar 12-sales return a/c. 3000

To Dravid. 3000

Mar 12-Irfan. 3000

To pur.ret a/c. 3000