Question

pls solve the transactions with journal :1. Received from dev in full settlement of his account. 2. Sold goods to manmohan. 3. Manmohan returned goods. 4. Received from manmohan in full settlement of his account. 5. Received cash from ram and discount os allowed. 7. Paid cash to pawan and discount received from him. 8 Sold goods to varun of the list price of Rs 25000 at 20%trade discount. ​

Answer 1

Answer:

1.cash a/c dr.

discount allowed dr.

To Dev's A/c

2.Manmohan Dr.

To sales A/c

3.sales return a/c. dr.

To Manmohan

4.cash/bank. a/c. dr.

Discount allowed a/c. dr.

To Manmohan

5.cash. a/c. dr.

Discount allowed a/c. dr.

To Ram

7.Pawan. dr.

To cash a/c

To discount received a/c

8.Varun. dr. 20,000

To sales A/c. 20,000

(Being the goods of list price 25,000 sold at a 20% Trade discount)

Explanation:

I have not given the narration of the transactions, Hope you can write it by your own.

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