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Journalise the following transactions in the books of M/s. R.K. & Co.:(i) Purchased goods of list price of ₹ 20,000 from Vishal at 20% trade discount against cheque payment.(ii) Purchased goods of list price of ₹ 20,000 from Naman at 15% trade discount against cash.(iii) Purchased goods of list price of ₹ 30,000 from Amrit at 20% trade discount.(iv) Purchased goods of list price of ₹ 40,000 for ₹ 35,000 for cash.(v) Goods returned of list price ₹ 10,000 purchased from Amrit.(vi) Sold goods to Parul of list price of ₹ 40,000 at 10% trade discount against cheque payment.(vii) Sold goods to Aman of list price of ₹ 30,000 at 10% trade discount against cash.(viii) Sold goods to Pawan of list price of ₹ 20,000 at 10% trade discount.(ix) Sold goods to Yamini of list price of ₹ 25,000 for ₹ 23,000.(x) Sold goods costing ₹ 10,000 at cost plus 20% less 10% trade discount to Bhupesh.(xi) Sold goods purchased at list price of ₹ 50,000 less 15% trade discount sold at a profit of 25% less 10% trade discount against cheque.(xii) Aman returned goods of list price of ₹ 10,000 sold to him at 10% trade discount. |
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Answer» Journalise the following transactions in the books of M/s. R.K. & Co.: (i) Purchased goods of list price of ₹ 20,000 from Vishal at 20% trade discount against cheque payment. (ii) Purchased goods of list price of ₹ 20,000 from Naman at 15% trade discount against cash. (iii) Purchased goods of list price of ₹ 30,000 from Amrit at 20% trade discount. (iv) Purchased goods of list price of ₹ 40,000 for ₹ 35,000 for cash. (v) Goods returned of list price ₹ 10,000 purchased from Amrit. (vi) Sold goods to Parul of list price of ₹ 40,000 at 10% trade discount against cheque payment. (vii) Sold goods to Aman of list price of ₹ 30,000 at 10% trade discount against cash. (viii) Sold goods to Pawan of list price of ₹ 20,000 at 10% trade discount. (ix) Sold goods to Yamini of list price of ₹ 25,000 for ₹ 23,000. (x) Sold goods costing ₹ 10,000 at cost plus 20% less 10% trade discount to Bhupesh. (xi) Sold goods purchased at list price of ₹ 50,000 less 15% trade discount sold at a profit of 25% less 10% trade discount against cheque. (xii) Aman returned goods of list price of ₹ 10,000 sold to him at 10% trade discount. |
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