Journal Entry
Chapter - 4
Question -16

Record the following transaction in the journal of Ram Gopal of Satna :

2000
Jan. 01 Commenced business - Goods Rs. 1,500; cash Rs. 2,500.
Jan. 06 Purchased goods from Suresh Rs. 1,000 for cash at 10% Trade discount and 5% cash                 discount.
Jan. 12 Sold goods of Rs. 1,500 to Dinesh at 5% trade discount in whole full payment cash is                 received after deducting Rs. 20 for discount.
Jan. 15 Withdrew for personal use - Goods Rs. 100 and cash Rs. 200.