Question

On October1,2020, A sold goods to B for ₹ 3,000 less 10% trade discount and 5% cash
discount if payment is made in one month. The amount was paid by cheque on November
1, 2020. On November 23, 2020, further goods were sold to B for ₹ 1,800. For these, B
accepted a bill at 2 months from the date of sale. On presentation of the bill on the due
date it was dishonoured and noting charges of ₹ 25 were paid. Show the transactions in
the Journal of A and also prepare B’s account in A’s ledger.

Answer 1

Answer:

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