pass necessary journal entries for the following transactions April 5 received a cheque from ramesh to whom goods were sold for rs 12,000 last year allowed him 1% discount on payment
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Pass the necessary Journal entries for the following transactions:
5 Received a cheque from Ramesh to whom goods were sold for 12,000 last year
April 20 Ramesh settled his account by issuing cheque including 60 for interest
23 Bank draft got issued in favour of Ms Lal & Sons 5,000. Bank charges 700
28 A bill of exchange of 4,000 (due after one month) discounted from bank for 3,800
pril 30 Goods sold for cash 7,000 and half of the sale proceeds deposited in bank
collected by Bank
2020
April 1 Deposited in bank for opening a Current Account
April 2 Withdrawn from bank
April
Allowed him 1% discount on payment
April 7 Ramesh's cheque deposited in bank
April 9 Ramesh's cheque dishonoured (bank charges 320)
April 21 Cash directly deposited by Raja (Customer) in bank account
April
April
April 30 Bank charges debited by bank ..........
120%.
ransactions Relating to Goods
transactions: