CameraIcon
CameraIcon
SearchIcon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Give Journal entries for the following:

(i) Bought goods at the list price of Rs.50,000 from Vinod less 20% trade discount and 2% cash discount and paid 40% by cheque.

(ii) Sold goods to Mohan at list price Rs.1,00,000 less 20% trade discount and 2% cash discount and paid 50% by cheque.

(iii) Paid income tax through cheque Rs.2,000.

Open in App
Solution

In the books of...

Journal



flag
Suggest Corrections
thumbs-up
307
similar_icon
Similar questions
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Rules of Debit and Credit
ACCOUNTANCY
Watch in App
Join BYJU'S Learning Program
CrossIcon