Question

Record the following transactions into proper subsidiary books of Durian Furniture:



Date

Particulars

1.4.2020

Bought from Kamal Furniture, Mumbai:

10 tables @ ₹10,000 each

Less: Trade Discount @10%

10.4.2020 Arya Furniture Mart purchased:

6 Sofa Sets @ ₹24,000 each

Less: Trade Discount @5%

15.4.2020 Arya Furniture Mart returned:

2 Sofa Sets, being not as per the approved samples

20.4.2020 Arya Furniture Mart declared insolvent and a dividend of

50 p in a rupee was recovered from its estates.
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Answer 1

Answer:

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