Question

WppDouble Entry System of Book Keeping - Journal693.Record the following in journal :1. Sold goods worth Rs. 5,000 to Chetan at Trade Discount of 5% and CashDiscount of 10%.2. Received Rs. 220 from Dinesh.3. Goods worth Rs. 2,000 distributed as samples4. Sent order for goods to Trilok for Rs. 8,000. The goods will be receivedafter a month.5. The firm is doing business in stationery. Stationery worth Rs. 60 used inoffice.6. Typewriter worth Rs. 1,750 was sold away for Rs. 1,600.​

Answer 1

Date      Particulars                                                 LF      Debit          Credit

1            Chetan  A/c......Dr                                               4275

             Discount allowed  A/c......Dr                               475

                  To Sales  A/c                                                                     4750

             

2            Cash  A/c .....Dr                                                  220

                  To Dinesh  A/c                                                                  220

3           Goods distributed as sample  A/c ......Dr      2000

                  To Purchase  A/c                                                             2000

4          NO ENTRY ( as transaction is not taken place)

5            Stationery  A/c ......Dr                                         60

                  To Cash  A/c                                                                        60

6            Cash  A/c ......Dr                                               1600

             Discount allowed  A/c ......Dr                            150

                  To Sales  A/c                                                                     1750