Question

PLEASE PREPARE JOURNAL FOR THE FOLLOWING
1) Sold goods costing Rs.40,000 to Anita for cash at a profit of 25% on cost less 20%
trade discount and charged 8% sales tax and paid cartage Rs.100 (not to be charged
from customer)
2) Sold goods costing Rs.40,000 to Anil at a profit of 20% on sales less 20% trade
discount and charged 8% sales tax and paid cartage Rs.100(to be charged from
customer)
3) Sachin rejected and returned 10% of goods.
4) Bought goods of the list price of Rs.2,50,000 from Mohan less 20% trade discount
and 2% cash discounid 40% by cheque.
​

Answer 1

Answer:

1.cash A/c                        Dr 53200

cartage A/c                    Dr 100

                    to sales A/c                    40,000

                    to tax A/c                        3200

                    to capital A/c                  10,000

                    to cash A/c                       100

2.cash A/c                       Dr 49572

                    to sales A/c                   38400

                    to tax A/c                        3072

                    to capital A/c                  8000

                    to cartage A/c                       100

3.sales return A/c                        Dr

                              to Sachin A/c

4. purchases A/c                                         Dr 2,00,000

                          to mohan A/c                                        1,20,000

                          to bank A/c                                            78,400

                           to discount recieved A/c                      1,600

                   

hope this answer helps u!!!!

Answer 2

Explanation:

here is ur answer ☺️

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