Journal Entry 

Chapter - 4

Question - 36

Enter the following transactions in the journal :
  1. Rs. 100 treated as Bad debs last year has been recovered from Ganesh.
  2. Bought goods of list price Rs. 25,000 from Mohan ar 20% trade discount and 2% cash discount. 40% amount was paid through cheque.
  3. Sold goods of list price Rs. 50,000 to Rajiv at 20% trade discount and 2% cash discount. he paid 50% amount by cheque.
  4. Sold goods worth Rs. 10,000 to Shivaji at 5% trade discount and 5% cash discount. he paid 1/4 Payment in cash.