1.

Journalise the following transactions :(a) Goods worth ₹ 2,000 destroyed by fire.(b) Received ₹ 5,000 from Suresh which were written off as bad debts.(c) Sold goods to Mohan of the list price of ₹ 5,000 subject to 10% trade discount and 5% cash discount. Mohan availed cash discount.(d) Received ₹ 9,900 from Hari in full settlement of his account ₹ 10,000.

Answer» Journalise the following transactions :

(a) Goods worth ₹ 2,000 destroyed by fire.

(b) Received ₹ 5,000 from Suresh which were written off as bad debts.

(c) Sold goods to Mohan of the list price of ₹ 5,000 subject to 10% trade discount and 5% cash discount. Mohan availed cash discount.

(d) Received ₹ 9,900 from Hari in full settlement of his account ₹ 10,000.


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