Question

Prepare Aparna's account in the books of Suparna.
2019 Jan. 1 Balance due from Aparna : 60,000
Sold goods to Aparna * 15,000 at 10% trade discount
7 Goods returned by Aparna *1.500 (Gross).
Received crossed cheque from Aparna 50,000,
17 Invoiced goods to Aparna 12,000.
25 Sold goods to Aparna in cash 6,000.
30 Received cash from Aparna * 33,000 in full settlement of her account prepare journal entries​

Answer 1

Answer:

Journalise the following transactions in the books of Bhushan Agencies: (i) Received from Bharat cash Rs. 20,000, allowed him discount of Rs. 500. ... (iv) Received from Amrit Rs. 50,000 by cheque on account against dues of Rs 60,000. ... (xi) Sold goods of Rs. 60,000 to Vimal received 50% of due amount allowing 2%

Explanation: