Question

Pass journal entries for the following:
1. Sold goods to Ram for 10,000 at 20% trade discount.
2. Ram paid * 4,000 in cash and gave cheque for the rest of the amount.
3. Cheque of Ram deposited in the bank.
4. Cheque of Ram dishonoured as he was declared insolvent.
5. Only 40% amount was recovered from the estate of Ram.
​

Answer 1

Answer:

1. ram a/c ...dr. 8,000

to sales a/c...8,000

( being the goods sold on credit allowed 20%T.D)

2. cash a/c...dr. 4,000

chequein hand a/c...dr. 4,000

to ram a/c........ 8,000

3. bank a/c....dr. 4,000

to cheque in hand a/c...dr. 4,000

4. ram a/c..dr. 4,000

to bank a/c ..4,000

5. cash a/c..dr. 3840

to ram a/c ...3840

hope it is useful for you..plss mark me as a BRAINLIEST plsss dear also give me thanks it's my request to you plss dear