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

Open in App

Solution

Ram A/c Dr. 14,000
Discount Allowed A/c Dr. 1,000
To Sales A/c 15,000
(Being goods sold to Ram on credit and allowed discount).

Here , goods have been sold to ram for Rs 15000 also allowed discount of Rs 1000. So sales A/c have been credited by Rs 15000 and and Ram's A/c and Discount allowed A/c are debited by Rs 14000 & Rs 1000 respectively.

Suggest Corrections

Similar questions

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

Journalise the following transactions in the journal of shri padukone.
(i) Paid cash to Anil 2,400
and discount received from Him 100
(ii) Received cash from Vijay 1,225
and discount allowed to him 25
(iii) Goods sold to Ravish 7,500
Ravish returned goods 500
Received cash from Ravish Rs. 6,875 in full settlement of his account.
(iv) sold goods to Rohan of the list price of Rs. 15,000 at 10% trade discount.
(v) Purchased goods from Bindu of the list price of 5,000 at 15% trade discount.
(vi) Purchased fruniture worth Rs. 20,000 and tools worth Rs. 4,000.
(vii) Paid to Nishant out of business funds for repair fo shri padukone's House Rs. 8,000.
(viii) Supplied goods costing Rs. 12,000 to Peter, issued invoice at 10% above cost less 5% trade discount.

Journalise the following transactions in the books of Mantri.

2011 June	1	Commenced business with Cash Rs 1,20,000, Goods Rs. 60,000 and Furniture Rs 65,000.
	3	Opened a current account in Bank of Baroda by depositing Rs 75,000.
	5	Cash purchases Rs 35,000.
	9	Cash Sales Rs 55,000.
	10	Purchased goods worth Rs 20,000 from Amit & Co. subject trade discount of 2%
	14	Credit sales to Kalpana Rs 15,000.
	16	Paid cash to Amit & Co. Rs 9,500 who allowed us discount Rs 100.
	19	Goods distributed as free samples of Rs 1,500.
	21	Received Cash from Kalpana Rs 4,800 on account and allowed her cash discount Rs 200.
	24	Returned goods of Rs 750 to Amit & Co.
	26	Purchased shares of Rs 15,000 of HDFC Bank.
	29	Received goods returned by Kalpana Rs 200.
	30	Rent paid by cheque Rs 7,000.

Journalise the following transaction in the books of Sethi and Brothers for the month of April, 2012.

Balance on 1st April 2012

Cash at Bank Rs 2,00,000, Cash in hand Rs 2,500; Computer & Printer Rs 90,000 Land & Building Rs 1,80,000; Sundry Debtors Rs 15,000; Bills Receivable Rs 10,000; Sundry Creditors Rs 14,000; Bills Payable Rs 5,000.

Transactions during the month of April were as follows:-

2012 April	1	Purchased goods from Meeta worth Rs 40,000 at 10% trade discount and paid 1/4 amount in cash and 1/4 amount by cheque, for which 5% cash discount is allowed.
	4	Purchased shares of Reliance Company Rs 12,000 and 200 paid as brokerage.
	7	Sold goods to Sunil worth Rs 60,000 at 10% Trade Discount and 5% Cash Discount received 1/3 amount in cash and 1/3 amount by cheque and 5% cash discount is allowed.
	11	Paid Telephone Bill of Proprietor’s house Rs 700.
	14	Paid House Rent Rs 1,500.
	20	Received goods as free samples Rs 2,000.
	23	Purchased Furniture Rs 30,000.
	23	Paid carriage Rs 300 on the above furniture.
	25	Goods worth Rs 6,000 were destroyed by fire and Insurance company admitted a claim to the extent of Rs 4,000.
	27	Paid income tax Rs 6,000.
	28	Paid for printing and stationery Rs 2,000.
	29	Transferred Rs 20,000 from private bank of proprietor to business Bank of Maharashtra A/c.
	30	Salaries paid Rs 5,000 in cash and Rs 10,000 by cheque.

Journalise the following transactions in the books of Nana.

Debit balances on 1st April 2012:-

Cash in hand Rs 5,000; Cash at Bank Rs 95,000' Land & Building Rs 2,10,000; Furniture Rs 15,000; Debtors Rs 10,000.

Credit Balances on April 1, 2012:- Creditors Rs 10,000; Bank Loan Rs 28,000.

Transactions during the month of April 2012:-

2012 April	1	Purchased goods worth Rs 30,000 for cash less Trade Discount.
	3	Sold goods to Meena Rs 25,000.
	7	Purchased goods from Seema worth Rs 12,000.
	9	Goods costing Rs 1,100 distributed as free samples.
	12	Received an amount of Rs 1,500 from Vikram which was previously written off as bad.
	14	Purchased goods from Bhushan Rs 30,000 at 10% Trade Discount and paid him 1/3^rd amount in cash after getting 5% cash discount.
	20	Received cash gift Rs 10,000 from Father-in-law with which purchased shares of Infosis Co.
	24	Payment of Bank loan with interest Rs 6,000 [Interest amount Rs 1,500]
	28	Sold goods to Anil Rs 50,000 at 10% trade discount and received half the amount in cash, 5% cash discount allowed.
	29	Paid for Advertisement Rs 5,000.
	30	Withdrew cash Bank for personal purpose Rs 2,000.

Join BYJU'S Learning Program

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

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