Question

Prepare journal entey from the following business transaction for the month of January 2021 in the
books of Kamal& sons
on 1-1-2021 business commenced with cash Rs 250000/-
on5-1-2021 Amount Rs 40 000/- deposited in to bank a/c
on 7-1-2021 goods purchased on cash for Rs 50 000/- at discount 5%
on 10-1-2021 goods purchased on credit for Rs 80000/ at discount 4%from Copal & sons
25-1-2021 goods sold on cash for Rs 1.20,0001 at discount 3%
on 30-1-2021 goods sold on credit for Rs 70,000/ at discount 2% to Vimal &co​

Answer 1

Answer:

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Explanation:

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