Question

May, 7 sold goods on credit to Krishna Das of Lalitpur
20 table fans @ Rs. 2,500 each
30 ceiling fans @ Rs. 2,000 each
Less trade discount 10%
May, 10 sold to Lalita Traders Patan
15 ceiling fans @ Rs. 1,800 each
10 table fans @ Rs. 1,500 each
Trade discount 12 % on bath items
May, 12 sales to Nepal Stationary
20 dozen pencils @ Rs. 10 per pencil
5 dozen pens @ Rs. 20 per pen
Required a) sales book --------3
b) sales account ---2​

Answer 1

Answer:

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)

(1) Goods A/C

(2) Wages A/C

(3) Loan A/C

(4) Debtors A/C

(5) Creditors A/C

(6) Furniture A/C

(7) Bills Receivable A/C (8) Meena's Capital A/c (9) Drawing A/C

(10) Discount A/C

(11) Rent Received A/c (12) Building A/C

CANA