Question

Q. 10. (B) Following was the position of Harish as on 1st April, 2012 :-
Cash in Hand 10,000; Cash at Bank 16,800; Furniture 78,000; Stock 350,000;
Debtors— Ram 8,000; Shyam 312,000; Creditors— Anil 34,000; Sunil 35,000.
Following transactions took place during April, 2012 :-
2012
April 2 Received a cheque from Ram in full settlement of his account after deducting 5% cash discount.
4 Deposited the above cheque into Bank.
5 Goods purchased for ₹20,000 at 10% trade discount and 5% cash discount. Payment made by cheque.
6 Received a cheque from Shyam for 33,860 and discount allowed to him 140.
Cheque deposited into the bank on the same day.
10 Cash paid to Anil after deducting 2% cash discount.
15 Old furniture sold for 800.
16 Sold goods to Shiv Parshad of the list price of 10,000 at a trade discount of 15%.
18 Shiv Parshad returned goods of the list price of 31,000.​

Answer 1

Answer:

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