Question

Journalize .....
1.purchased goods for 100000 and availed trade discount of 10000
2.sold goods to Shyam for rupees 5000 allowing a discount of rupees 500
3.paid Flora rupees 6000 .discount allowed by her rupees 300
4.received rupees 20000 from lucky .discount allowed rupees thousand

Answer 1

Answer:

purchase A/C. 90000

to cash A/C. 90000

cash A/C. 4500

discount A/c. 500

to sales A/C. 5000

Flor A/c. 6000

to cash A/C 5700

discount A/C 300

cash A/C 20000

discount A/C 1000

to lucky A/C 21000