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Pass journal entries for the following: …

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Pass journal entries for the following: 1)Sold goods to shyam of list price rs.20000 at trade discount of 10%. 2)paid rent rs 800 trade expense rs 400 and travelling expenses rs 500.

Posted by Prajakta Bhagat 3 years, 4 months ago

CBSE > Class 11 > Accountancy

3 answers

Lavi Jain 3 years, 4 months ago

1) shyam aacount. Dr. 18,000 To sales account 18,000 Because at 20,000 we have to do trade discount of 20 percent so it means 2000 and 20,000-2000= 18000 2) rent acc Dr. 800 To trade expense Dr. 400 To travelling expense Dr. 500 To cash account. 1700

Tanu Priya 3 years, 4 months ago

1) Shyam a/c dr. 20000 To sales a/c 18000 To discount a/c 2000 2) Rent a/c Dr. 800 Trade expense a/c Dr. 400 Traveling expense a/c Dr. 500 To cash a/c. 1700 I hope.... It's help u...

Somya Khandal 3 years, 4 months ago

Shyam account dr. 18000 To sales account. 18000 (10%trade discount = 20000-20000*10% =18000)

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