Journalise the following transactions: Sold goods to Simran for ₹ 80,000 at 15% trade discount and 4% cash discount. Received 75% amount immediately through a cheque.
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Pass Journal entries in the books of Raghunath Bros. from the following transactions. Raghunath Bros. started busienss with cash ₹ 2,50,000; Goods ₹ 1,00,000 and furniture ₹ 60,000.
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Give Journal Entries for the following transactions in the books of Raja Ram & Co. Bought goods for cash of the list price of ₹ 4,00,000 at 10% trade discount and 21/2% cash discount.
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Pass Journal Entries for the following transaction. Sold goods to Muskan of the list price of ₹ 4,00,000 at trade discount of 20%.
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Enter the following transactions in the Journal of Marutinandan Stores: Purchased goods from Ghanshaym of the list price of ₹ 80,000 at 20% trade discount.
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Pass Journal entries in the books of Rama Kant Enterprises from the following: Commenced business with cash ₹ 3,00,000
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Enter the following transactions in the Journal of John Brothers: Sold goods to Dev ₹ 2,50,000
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Enter the following transactions in the Journal of Junaid & Co. Purchased goods from Muskan for Cash ₹ 30,000
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Enter the following transactions in the Journal of M/s Sushil & Sons. Sold goods for cash ₹ 50,000
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Enter the following transactions in the Journal of Ved Prakash & Co. Ved Prakash started business with cash ₹ 5,00,000
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