Question

journalise the transactions :
1 ) office almirahs worth Rs 28000 sold for 25000 selling expenses Rs 1500
2) Received Rs 3000 from mayavati and allowed her discount Rs 1400
3) paid Rs 2400 to Misha and availed a discount of Rs 100
4) Received Rs 5960 from Amar singh in full settlement of his account of Rs 7000
5) paid Rs 4590 to akhilesh by cheque in full settlement of his account of Rs 5000
6) sold goods worth Rs 35000 to hood At a trade discount of 5%
7) paid Rs 4000 by cheque to rani
8) Received Rs 7850 from Santosh allowed 5% cash discount.

Answer 1

1. Cash/bank a/c. Dr. 25000
selling expenses a/c. Dr. 1500
Discount allowed a/c. Dr. 1500
To office almirahs a/c. Dr. 28000


2. cash a/c Dr. 1600
discount allowed A/C. Dr. 1400
To mayavati. 3000

3. Mishra A/c. Dr. 2500
To discount received 100
To cash a/c. 2400

4. cash ac Dr. 5960
disc allowed AC Dr. 1040
To Amar Singh. 7000


5. Akhilesh AC. Dr. 5000
To discount received 410
To bank AC. 4590


6. Hood Ac. Dr. 33250
To sales Ac 33250


7. Rani AC Dr. 4000
To bank AC. 4000

8. Cash Ac. Dr 7850
discount allowed AC Dr 392.5
To Santosh. 8242.5