Question

Ques:1 Joumalise the following
transactions in the books!
ofKanishk Traders :

i) Sold goods costing ₹1, 20,000 to charu at a profit of 67/2on cost less
15% Trade discount.

ii) sold goods costing 530,000to Arun against
chequeprofit of 25% costless 15%.discount.

iii) Paid by cheque ₹8,400 as insurance premium for
a period of 12 months starting 1st August 2016 Financial year
closes 31st Marche every year.
Total ₹232200​

Answer 1

Answer:

2. sold goods costing 530,000 to arun against cheqprofit of 25% costless 15%. discount