Question

Journalise the following transactions of Mr. Gupta . i) Received from Bharat cash ₹ 50,000, allowed him discount of ₹ 5000. ii) Paid by cheque ₹ 85,000 to Mehar and settled her dues of ₹ 1,00,000. iii) Sold goods of ₹ 30,000 against cheque allowing 4% discount. iv) Purchased goods costing ₹ 1,00,000 against cheque and availed discount of 3%.

Answer 1

Answer:

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Explanation:

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