Pass Journal Entries for the following transactions: 2017 – InterviewSolution

1.

Pass Journal Entries for the following transactions: 2017 Jan 6 Sold goods to Muskan of the list price of ₹ 2,00,000 at trade discount of 20%. 8 Muskan returned goods of the list price of ₹ 5,000. 15 Received from Muskan the full payment under a cash discount of 4%.

Answer» Pass Journal Entries for the following transactions:

2017
Jan 6		Sold goods to Muskan of the list price of ₹ 2,00,000 at trade discount of 20%.
8		Muskan returned goods of the list price of ₹ 5,000.
15		Received from Muskan the full payment under a cash discount of 4%.

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