Question: Help Problem 2. A trader sends goods to his customers on sale or return basis. The following transactions took place during the year 1992 :

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Help Problem 2. A trader sends goods to his customers on sale

Problem 2. A trader sends goods to his customers on sale or return basis. The following transactions took place during the year 1992 : Rs. July 10 Sent goods to customers on sale or return basis at cost plus 25% 40,000 15 Goods returned by customers 10,000 Aug. 4 Received sales intimation from customers for goods valued at 20,000 31 Goods with customers neither sold nor returned 10,000 > Dec. Assuming that the trader records the transactions on ordinary sales basis and that the date of final accounts was 31st December, give Journal entries for the above transactions

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