CBSE Class 11-commerce Answered
Book of Ajay Journal Entries |
|||||
Date |
Particulars |
L.F. |
Dr. Rs. |
Cr. Rs. |
|
20XX |
|
|
|
||
May 03 |
Sunil A/c |
Dr. |
43,500 |
|
|
|
----------To Sales A/c |
43,500 |
|||
|
(Being goods sold to Sunil on Cr.) |
|
|||
|
|
|
|
||
May 03 |
Cash A/c |
Dr. |
21,315 |
|
|
Discount Allowed A/c |
Dr. |
435 |
|||
|
----------To Sunil A/c |
21,750 |
|||
|
(Being 50% of the amount received by Sunil and 2% cash discount allowed) |
|
|||
|
|
|
|||
May 03 |
Bills Receivable A/c |
Dr. |
|
21,750 |
|
|
----------To Sunil A/c |
|
|
|
21,750 |
|
(Being bill received from Sunil for a period of 2 months) |
|
|
|
|
|
|
|
|
|
|
July 05 |
Cash A/c |
Dr. |
|
21,750 |
|
|
----------To Bills Receivable A/c |
|
|
|
21,750 |
|
(Being the bills duly met by Sunil and amount received) |
|
|
|
|
|
|
|
|
|
|
Book of Sunil Journal Entries |
|||||
Date |
Particulars |
L.F. |
Dr. Rs. |
Cr. Rs. |
|
20XX |
|
|
|
||
May 03 |
Purchases A/c |
Dr. |
43,500 |
|
|
|
----------To Ajay A/c |
43,500 |
|||
|
(Being goods purchased from Ajay on Cr.) |
|
|||
May 03 |
Ajay A/c |
Dr. |
21,750 |
||
----------To Cash A/c |
21,315 |
||||
----------To Discount Received A/c |
435 |
||||
(Being 50% of the amount paid @ 2% cash discount) |
|||||
|
|
|
|||
May 03 |
Ajay A/c |
Dr. |
|
Answered by | 11 Aug, 2016, 11:23: AM CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 01 Jul, 2016, 04:02: PM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
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CBSE 11-commerce - Accountancy Part I
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CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Aug, 2016, 09:23: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Aug, 2016, 09:23: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Aug, 2016, 09:23: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Aug, 2016, 09:23: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Aug, 2016, 09:23: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Aug, 2016, 09:23: AM
ANSWERED BY EXPERT
CBSE 11-commerce - Accountancy Part I
Asked by Topperlearning User | 11 Aug, 2016, 09:23: AM
ANSWERED BY EXPERT
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