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Q4: Prepare Purchase a/c, sales a/c, Purchase Return a/c, Sales Return a/c, Cash a/c from the following information from the books of Rahim & Sons.Jan 1. Purchased goods worth Rs.2000 @ 10 % Trade Discount from Malik and paid 50% cashJan 3. Purchased furniture from Keshav on CreditJan 5. Sold goods to Yakub @ 5 % Trade discount on credit worth Rs.4000Jan 7 Returned goods to Malik worth Rs.1000Jan 9 Purchased goods from Waris worth Rs.5000 by cashJan 13 Paid to Malik Rs.900 in full settlementJan 15 Yaqub returned goods worth Rs.1500, and paid Rs. 2300 in full settlementJan 16 Returned goods worth Rs.1200 to Waris |
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