Question

Journalise the following transactions in the books of Nina General Stores
2018
Voy
Sept
1 Sold goods of 50.000 at 10% Trade Discount and 10% Cash Discount to Raj and
received 50% by cheque and 20% by cash.
3 Bought goeds worth 60.000 from Prashant at 75% Trade Discount and half amount
paid by case.
Returned goods worth $50 to Prashant
Sold goods werth 90.000 to Ranvir on credit at 10% Trade Discount.
12 Received Commission 4.500
Is Received cheque of 80.000 from Ranvir in full settlement of his account.
1 Purchased Computer worth 80.000 from Reliance Company by cheque at 28% GST.
22 Wages paid 13.000
23 Paid for Life Insurance premium 17.000.
27 Sold goods worth 28,000 to Tushar who paid us? 18.000 immediately
Journalise the following transactions in the books of Varun
Purchased Machinery of
95.000 and paid
5.000 for freight.​

Answer 1

You may go through the above attachment.

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