Journalise the following transaction:
Sold goods for Rs. 5,00,000, allowed discount @10% and received cheque.

Open in App

Solution

Bank A/c Dr. 4,50,000
To Sales A/c 4,50,000
(Being goods sold for Rs. 5,00,000 and allowed discount @10%)

Suggest Corrections

Similar questions

Q. Journalise the following transactions :

2016
March 5		Sold goods to Shruti for ₹80,000 at 15% trade discount and 4% cash discount. Received 75% amount immediately through a cheque.
10		Purchased goods from Richa for ₹60,000 at 10% trade discount and 5% cash discount. 60% amount paid by cheque immediately.

Q. Journalise the following transaction:
Sold goods for Rs. 5,000 and received cheque.

Q. Journalise the following transaction:
Sold Goods to Ram for Rs. 15,000 and allowed discount of Rs. 1000.

Q. Journalise the following transactions in the books of Bhushan Agencies:
(i) Received from Bharat cash ₹ 20,000, allowed him discount of ₹ 500.
(ii) Received from Vikas ₹ 35,000 by cheque, allowed him discount of ₹ 750.
(iii) Received from Akhil ₹ 38,000 in settlement of his dues of ₹ 40,000 in cash.
(iv) Received from Amrit ₹ 50,000 by cheque on account against dues of ₹ 60,000.
(v) Paid cash ₹ 40,000 to suresh, availed discount of 2%.
(vi) Paid by cheque ₹ 25,000 to Mehar and settled her dues of ₹ 26,000.
(vii) Paid ₹ 25,000 to Yogesh by cheque on account.
(viii) Purchased goods costing ₹ 1,00,000 against cheque and availed discount of 3%.
(ix) Purchased goods costing ₹ 60,000 from Akash & Co., paid 50% immediately availing 3% discount.
(x) Sold goods of ₹ 30,000 against cheque allowing 2% discount.
(xi) Sold goods of ₹ 60,000 to Vimal received 50% of due amount allowing 2% discount.

Journalise the following transactions in the books of Shrinath Apte.
(i) Opened bank account with PNB Rs. 10,000.
(ii) Cash sent to bank Rs. 50,000.
(iii) Bought shares in 'Birla Ltd' for Rs. 5000 and brokerage paid @ 2%. The Payment is made by cheque.
(iv) A received cheque for Rs. 1,56,000 from John in full settlement of his account of Rs. 1,60,000.
(v) Paid Rs. 1,78,000 to Smith in full settlement of Rs. 1,80,000 Due to him by cheque.
(vi) A cheque from a customer amounted to Rs. 5,000 deposited in the bank was returned dishonoured.
(vii) Bought furniture for office use by cheque for Rs. 18,000.
(viii) Sold goods to Kaushal of the list price of Rs. 12,500 less 20% trade discount and 2%cash discount and paid 40%by cheque.
(ix) Sold goods to Kaushal of the list price of Rs. 1,25,000 less 20% trade discount and received data cheque under a cash discount of 2%

Join BYJU'S Learning Program

Journalise the following transaction:Sold goods for Rs. 5,00,000, allowed discount @10% and received cheque.

Bank A/c Dr. 4,50,000 To Sales A/c 4,50,000(Being goods sold for Rs. 5,00,000 and allowed discount @10%)

Journalise the following transaction:
Sold goods for Rs. 5,00,000, allowed discount @10% and received cheque.

Bank A/c Dr. 4,50,000
To Sales A/c 4,50,000
(Being goods sold for Rs. 5,00,000 and allowed discount @10%)