Question

Q . Enter the following transactions in the Journal of Marutinandan :
2005
Jan. 10 Purchased goods from Ghanshyam of the list price of Rs. 50,000 at 15% trade
discount.
13 Returned goods to Ghanshyam of the list price of Rs. 2,000.
15 Paid cash to Ghanshyam Rs. 40,000 in full settlement of his account.
20 Purchased goods from Raghu of the list price of Rs. 60,000 at 10% trade discount
22 Returned goods to Raghu of the list price of Rs. 5,000.
25 Paid cash to Raghu Rs. 49,000 in full settlement of his account.
(Ans. Total Rs. 1,93,000. Cash discount on Jan. 15 Rs. 800 and on Jan. 25 Rs.500.)​

Answer 1

Answer:

10)purchase ac dr. 42500

To ghnshyam a/c 42500

13)ghnshyam a/c Dr 2000

to Purch ret a/c. 2000

15) Ghnsyam a/c. dr 40500

to Cash a/c. 40000

to disc all a/c. 500

20) purchase ac. dr. 54000

to raghu ac. 54000

22)Raghu ac. dr 5000

to purc ret ac. 5000

25) Raghu ac dr 49000

to cash ac. 49000

Answer 2

Answer:

2005

Jan.10

purchase A/c.....Dr. 42500

To Ghanshyam. 42500

Jan.13

Ghanshyam .....Dr. 2000

To Return outward A/c. 2000

Jan.15

Ghanshyam ....Dr. 40500

To cash A/c. 40000

To Discount Received A/c. 500

Jan.20

Purchase A/c ....Dr. 54000

To Raghu. 54000

Jan.22

Raghu...Dr. 5000

To Return outward A/c 5000

Jan.25

Raghu ....Dr. 49000

To cash A/c. 49000