Question

Mrs. Varsha bought goods from us 3 90,000 at 12% Trade Discount.​

Answer 1

Explanation:

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.