4. Journalise the following transactions: (a) Bought goods from Kumar for 40,000 less 15% trade discount and 2% cash discount Paid

Question

4. Journalise the following transactions:
(a) Bought goods from Kumar for 40,000 less 15% trade discount and 2% cash discount
Paid to Kumar 60% payment by cheque.
(b) Sold goods costing Rs. 20,000 at a profit of 25% above cost less 10% trade discount
and 2% cash discount to Kamal. Kamal paid, 40% payment in cash.
(c) Out of insurance premium paid, Rs. 400 relates to next year.
(d) Cash Rs. 200 and goods Rs. 500 were stolen by an employee.
(e) Withdrew Rs. 10,000 for personal use out of which he purchased furniture for office for
Rs. 3,000‚Äč

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Gabriella 4 weeks 2021-08-22T22:44:58+00:00 1 Answer 0 views 0

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    2021-08-22T22:46:37+00:00

    Answer:

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