From the following transaction prepare vasudev's …
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From the following transaction prepare vasudev's account in the books of balram for the month of December, 2015.
Dec 1- vasudev purchased goods from balram of the list price of Rs. 40,000 less 5% trade discount.
Dec 3- goods returned by Vasudev of the list price of Rs. 2,000.
Dec 5- vasudev settled 25% of his dues and availed a discount of 2.5%.
Dec 8- vasudev settled 35% of his dues and availed a discount of 3.5%.
Dec 9- vasudev became insolvent and only 40% of the remaining dues could be recovered from him as his final settlement.
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