1.

Journalise the following transactions in the books of Dixit & Sons. : 2018 March 2 Sold goods to Dilip of the list price of ₹ 62,000 for ₹ 60,000. 5 Sold goods to Amrit Lal of the list price of ₹ 2,50,000 at 20% trade discount and 10% cash discount. Amrit Lal paid ₹ 1,20,000 immediately through a banker's cheque. 10 Paid cheque of ₹ 30,000 to Chaturvedi and availed discount 2%. 16 Purchased goods costing ₹ 2,00,000 from Hari & Co. Paid 75% immediately by cheque to avail 4% discount. 20 Sold goods to Vhsal Traders costing ₹ 40,000 at 25% profit, allowing 10% trade discount and 10% cash discount. Received 80% payment immediately by cheque. 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.

Answer» Journalise the following transactions in the books of Dixit & Sons. :



































2018
March 2 Sold goods to Dilip of the list price of ₹ 62,000 for ₹ 60,000.
5 Sold goods to Amrit Lal of the list price of ₹ 2,50,000 at 20% trade discount and 10% cash discount. Amrit Lal paid ₹ 1,20,000 immediately through a banker's cheque.
10 Paid cheque of ₹ 30,000 to Chaturvedi and availed discount 2%.
16 Purchased goods costing ₹ 2,00,000 from Hari & Co. Paid 75% immediately by cheque to avail 4% discount.
20 Sold goods to Vhsal Traders costing ₹ 40,000 at 25% profit, allowing 10% trade discount and 10% cash discount. Received 80% payment immediately by cheque.
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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