purchase good from mohan on credit 50,000
Paid to Mohan
Goods Returned to Mohan
Repurchased goods from Mohan on Credit
301000
3000
10,000
Answers
Answered by
4
i) Purchase A/c dr 50,000
To Mohan 50,000
ii) Mohan dr 50,000
To Cash A/c 50,000
iii) Mohan dr 50,000
To Purchase return A/c 50,000
iv) Purchase A/c dr 3,14,000
To Mohan 3,14,000
For (iv) I added all the goods to produce this amount. Instead of writing it 3 times, you can write it once with the total amount and that's what I did.
Hope it helps!
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