Question

what will be journal entry for 1) Bought goods from Ram ₹2100 and supplied these goods to Mohan for ₹3000. 2)Mohan returned goods worth ₹100 which in turn were sent to Ram

Answer 1

Answer:

Explanation:

      In the books of journal entry

   particulars                                      amount     amount

1) a) Purchase a/c dr                             2100

         To, ram a/c                                                     2100

[ being goods purchase from Ram ]

 b)   Mohan a/c dr                                3000

          To, sales                                                       3000

[ being goods supplied to Mohan ]

2) Return inward a/c dr                          100

          To, mohan                                                      100

[ being goods returned ]

    ram a/c dr                                            100

          To, return outward a/c                                   100