Question

ne insolvent, only 500 of
1) Received cheque from J. Mohan 5,450. Allowed him discount 150.
iv) Withdrew for domestic use * 900.
v) Issued cheque in favour of M/s Khurshid Ali & Sons on account of the
7.500.
vi) Paid to Rao & Co. 79,000 on account for 10,000
1) Goods destroyed by fire (Sale Price 7 4,000, Cost 3,000).
s Journal entries to record the following transactions in the books of Su
1) Purchased from Kamal Banerjee, Kolkata as per details
(a) List Price 70 per pen. D 107 CD-57.
(b) Trade Discount 10% and Cash Discount 5%
(c) 1,000 pieces were purchased and amount was paid immedia
Sold to Sengupta of Patna as follows:​

Answer 1

Answer:

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