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Record the following transactions in the Journal of Shyam Sunder & Sons :2017 April 1 Shyam Sunder & Sons started business with Cash ₹75,000; Goods ₹30,000 and Furniture ₹5,000.2 Sold goods to Bhushan of the list price of ₹10,000 at trade discount of 10%.5 Bhushan returned goods of the list price of ₹1,000.10 Received from Bhushan ₹8,000 in full settlement of his account.12 Purchased Furniture for ₹6,000. Purchased goods from Navin for ₹25,000 less trade discount 12%15 Returned goods to Navin goods of the list price of ₹2,00016 Cleared the account of Navin by applying cash, under a discount of 5%17 Sold goods to Ajay ₹10,000 and Vijay ₹16,000.20 Received cash from Ajay ₹9,800 in full settlement of his account. Paid insurance premium ₹750.22 Paid for Shyam Sunder's Life Insurance Premium ₹1,200.24 Purchased goods for ₹8,000 for cash at a trade discount of 10% and cash discount of 2%.25 Received cash from Vijay at a cash discount of 5% in full settlement of his account.30 Paid Rent ₹800; Advertisement ₹1,000; and Salaries ₹4,000.30 Received Commission ₹500. |
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Answer» Record the following transactions in the Journal of Shyam Sunder & Sons :
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