Purchased goods from pavan 14000
Sold goods to sandeep 8000
Sandeep Return goods 500
Purchased goods from giri 10500
Sold goods arjun 6500
goods Return to giri 500
Sold goods to charan 3500
goods Return by arjun 300
Purchased Goods From Jai Ram 7500
Return Goods to Jai Ram 400
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Hence the goods pavan has purchased but loss
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Explanation:
Ram A/c Dr. 14,000
Discount Allowed A/c Dr. 1,000
To Sales A/c 15,000
(Being goods sold to Ram on credit and allowed discount).
Here , goods have been sold to ram for Rs 15000 also allowed discount of Rs 1000. So sales A/c have been credited by Rs 15000 and and Ram's A/c and Discount allowed A/c are debited by Rs 14000 & Rs 1000 respectively.
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