Question

Journalist the following translation

1. Paid rs. 10000 for installation of machinery

2. Sold goods to Naman at list price of rupees 50000 subject to trade discount of 10% and cash discount of 4% he paid the amount immediately I GST collected @ 18%

3. Supplied boats costing 20,000 to Murli issued invoice at 10% above cost less 5% discount GST collected 18%

4. Paid rupees 10000 for Life Insurance of the proprietor

5. Pet check to Lalit rupees 9800 on his account for rupees 10,000

Answer 1

Explanation:

1:- cash =real

machinery =nominal

machinery a/c dr

to cash a/c