There was a credit balance of 18600 in naveen’s a/c on 1st April 2018 . The following transactions took place during the month of April
April 3- bought goods from him 8000
April 8- paid to him 16500 and discount receive from him 100
April 16- returns goods to him 2000
April 25- settled his a/c by receiving 5% cash discount
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Purchase A/c Dr. 55,000
To Cash 55,000
(Being goods purchased for cash from Ram).
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