Question

Q. Journalise the following transaction in the book of varsha LTD.
I)purchase goods from Azad LTD for rs40000 less trade discount 15%
2)Solid goods costing rs 9000 for rs 12000 and charged trade discount @10%. Payment is recieved by cheque only which is immideatly deposited into bank.
3)sold the balance goods to vishal LTD for rs30000 and cash discount @10%

Answer 1

Please mention the second point clearly with the name of the buyer. also clear whether it is "solid" or "sold"... Hope the answer given by me helps u..