Journalise the following transactions in the …
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Journalise the following transactions in the books of Dixit & Sons. :
2018
Mar.2 Sold goods to Dilip of the list price of 62,000 for 60,000.
Mar.16 Purchased goods costing 2,00,000 from Hari & Co. Paid 75% immediately by cheque to avail 4% discount.
Mar.20 Sold goods to Vishal Traders costing 40,000 at 25% profit, allowing 10% trade discount and 10% cash discount. Received 80% payment immediately by cheque.
Mar.26 Sold goods to Brij & Co. costing 50,000 at 40% profit, allowing 10% trade discount and 5% cash discount. Brij & Co. paid the full amount by cheque and availed cash discount.
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