R ILLUSTRATION 4. Record the following transactions in the journal of

1.	R ILLUSTRATION 4. Record the following transactions in the journal of Sohan :June 4 Bought goods from Dinesh of the list price 50,000 less trade discount at201710%June 7 Goods returned to Dinesh of the list price 35,000.June 10 Paid cash to Dinesh under a cash discount of 2%.
Answer» Answer: Explanation: Question 1: ENTER the following transactions in the JOURNAL of Manohar Lal & Sons.: 2018 ₹ March 1 Manohar Lal & Sons STARTED business with cash 60,000 2 Purchased furniture for cash 10,000 4 Purchased goods for cash 25,000 5 Bought goods from Kamlesh 15,000 10 Paid cash to Kamlesh 15,000 16 Purchased goods from SOHAN 6,000 18 Purchased goods from Sohan for cash 8,000 20 Paid rent for the office 1,000

R ILLUSTRATION 4. Record the following transactions in the journal of Sohan :June 4 Bought goods from Dinesh of the list price 50,000 less trade discount at201710%June 7 Goods returned to Dinesh of the list price 35,000.June 10 Paid cash to Dinesh under a cash discount of 2%.

Answer»

Answer:

Explanation:

Question 1:

ENTER the following transactions in the JOURNAL of Manohar Lal & Sons.:

2018 ₹

March 1 Manohar Lal & Sons STARTED business with cash 60,000

2 Purchased furniture for cash 10,000

4 Purchased goods for cash 25,000

5 Bought goods from Kamlesh 15,000

10 Paid cash to Kamlesh 15,000

16 Purchased goods from SOHAN 6,000

18 Purchased goods from Sohan for cash 8,000

20 Paid rent for the office 1,000

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R ILLUSTRATION 4. Record the following transactions in the journal of Sohan :June 4 Bought goods from Dinesh of the list price 50,000 less trade discount at201710%June 7 Goods returned to Dinesh of the list price 35,000.June 10 Paid cash to Dinesh under a cash discount of 2%.​

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R ILLUSTRATION 4. Record the following transactions in the journal of Sohan :June 4 Bought goods from Dinesh of the list price 50,000 less trade discount at201710%June 7 Goods returned to Dinesh of the list price 35,000.June 10 Paid cash to Dinesh under a cash discount of 2%.