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Pass journal entry for following transaction. …

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Pass journal entry for following transaction. 1.bought goods rs1,00,000 for ram 2.sold goods got from ram to shyam at a profit of 20% shyam return 1/4 goods supplied to him 3.goods return by shyam is return to ram 4.paid cash to ram at a discount of 3% 5.shyam settled his account a check of ruppees88,000 which was deposited Into bank on same day

Posted by Vivek Mishra 7 years, 1 month ago

CBSE > Class 11 > Accountancy

3 answers

Shubham Negi 7 years, 1 month ago

Purchases A/c Dr. 1,00,000 To Ram's A/c 1,00,000 Shayam's A/c Dr. 1,20,000 To Sales A/c 1,20,000 Sales Return A/c Dr. 30,000 To Shayam's A/c 30,000 Ram's A/c Dr. 30,000 To Purchases Return A/c 30,000 Ram's A/c Dr. 70,000 To Cash A/c 67,900 To Discount Received A/c 2,100 Bank A/c Dr. 88,000 Discount allowed A/c Dr. 2,000 To Shayam's A/c 90,000

Alisha Wadhwa 7 years, 1 month ago

Purchase a/c. Dr 100000 To ram. 100000 Shyam. Dr. 120000 To sales a/c 120000 Sale return a/c. Dr 30000 To shyam 30000 Ram. Dr. 100000 To cash a/c. 97000 To discount received. 3000 Bank a/c. Dr. 88000 Discount allowed a/c dr. 2000 To shyam. 90000

Vivek Mishra 7 years, 1 month ago

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