JT
(i) Bought goods of list price *20,000 from Ram less 20% trade discount
and 2% cash discount and paid 50% by cheque.
(u) Sold goods to Kamal of list price 30,000 less 25% trade discount and
2% cash discount. Received a cheque of 50% amount which was
deposited in the bank on the same day.
(ui) Received cash from Rakesh for bad debt written off last year 200.
(to) Goods sold to Brown for 10,000 allowing him trade discount 20%
and cash discount 5%. He paid 1/4th amount immediately.
(u) A debtor, Sohan is declared insolvent. Received a cheque of 25 paisa
in a rupee on a debt of 1,000 which was deposited in the bank.
vi) Cheque of Brown was dishonoured
Answers
Answer:
Journalise the following transactions in the books of M/s. R.K. & Co.: <br> (i) Purchased goods of list price of Rs. 20,000 form Vishal at `20%` trade discount against cheque payment. <br> (ii) Purchased goods of list price of Rs. 20, 000 from Naman at `15%` trade discount against cash. <br> (iii) Purchased goods of list price of Rs. 30,000 from Amrit at `20%` trade discount. <br> (iv) Purchased goods of list price of Rs. 40,000 for Rs. 35,000 for cash. <br> (v) Goods returned of list price of Rs. 10,000 purchased from Amrit. <br> (vi) Sold goods to Parul of list price of Rs. 40,000 at `10%` trade discount against cheque payment. <br> (vii) Sold goods to Aman of list price of Rs. 30,000 at `10%` trade discount against cash. <br> (viii) Sold goods to Pawan of list price of Rs. 20,000 at ` 10%` trade discount. <br> (ix) Sold goods to Yamini of list price of Rs. 25,000 for Rs. 23,000. <br> (x) Sold goods costing Rs. 10,000 at cost plus `20%` less `10%` trade discount to Bhupesh. <br> (xi) Sold goods purchased at list price of Rs. 50,000 less `15%` . trade discount sold at a profit of `25%` less `10%` trade discount against cheque. <br> (xii) Aman returned goods of list price of Rs. 10,000 sold to him at `10%` trade discount.
Answer:
bought goods of less price rupees 20000 from Ram less 20% discount and 2% cash discount and paid 50% by