Sold goods of 40,000 to Mahesh. Subsequently received cash from Mahesh 39,800 in the final settlement of

Question:

Sold goods of ₹40,000 to Mahesh. Subsequently received cash from Mahesh ₹39,800 in the final settlement of his account. Purchased goods from Deepak of ₹80,000. Subsequently issued a cheque of ₹79,500 to Deepak and he allowed discount ₹500. Show how these transactions will appear in the cash book.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Financial Accounting

ISBN: 9780071078023

1st Edition

Authors: Dhanesh K. Khatri

Question Posted: