• Trade and Cash Discount 6. From the following transactions prepare Journal of Abhishek & Co. : (1) Started business with cash Rs. 10,000 and furniture of Rs. 5,000. (2) Paid Kamal Rs. 1,000; received discount Rs. 100. (3) Cash received from Suresh Rs. 500, discount allowed Rs. 30. (4) Purchased goods from Manak Rs. 5,000 and from Prakash Rs. 2,000. (5) Returned goods to Prakash Rs. 200. (6) Paid as charity Rs. 100. (7) Goods worth Rs. 300 burnt by fire. (8) Paid Prakash in full settlement Rs. 1,750. (9) Loss by theft Rs. 2,000. (10) Cash Rs. 100 and goods worth Rs. 200 withdrawn. [Ans. Total of Journal Rs. 28,330)
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Answer: 9. loss by theft a/c Dr 2000
To cash a/c Cr 2000
10. drawing a/c Dr 300
To purchase a/c 200
To cash a/c 100
total amount is 28,330 ok and any doubt to ask me ok
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