Question

Pass journal entries of the following transactions in the books of Anubhav:
2005
Jan. 01
Started business with cash * 40,000; Goods 30,000 and Furniture worth * 10,000.
Jan. 03 Purchased goods from Anil of list price * 30,000 at 10% trade discount.
Jan. 06 Returned goods to Anil of list price 5,000.
Jan. 09 Paid amount due to Anil under cash discount of 2%.

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Answer 1

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ACCOUNTANCY

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