prepare journal entries:a sold goods to divya 10000 b received 9800 from divya in full settlement of her account c - Accountancy - Recording of Transactions - I

Question

prepare journal entries:a sold goods to divya 10000 b received 9800
from divya in full settlement of her account c cash deposited in
the bank 6000 d mayank returned goods of list price 2000 e returned
goods to rakesh list price 2,000

Neha Arora · Accepted Answer

Dear Student,

Journal

Date
Particulars
L F
Debit
Amount
(Rs)
Credit
Amount
(Rs)

(i)
Divya’s A/c
Dr

10,000

To Sales A/c

10,000

(Sold goods to Divya)

(ii)
Cash A/c
Dr

9,800

Discount Allowed A/c
Dr

200

To Divya’s A/c

10,000

(Cash received in full
settlement)

(iii)
Bank A/c
Dr

6,000

To Cash A/c

6,000

(Cash deposited in bank)

(iv)
Sale Return A/c
Dr

2,000

To Mayank’s A/c

2,000

(Goods returned by Mayank)

(v)
Rakesh’s A/c
Dr

2,000

To Purchases Return A/c

2,000

(Goods returned to Rakesh)

Journal
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)

(i)	Divya’s A/c	Dr.		10,000
	To Sales A/c				10,000
	(Sold goods to Divya)

(ii)	Cash A/c	Dr.		9,800
	Discount Allowed A/c	Dr.		200
	To Divya’s A/c				10,000
	(Cash received in full settlement)

(iii)	Bank A/c	Dr.		6,000
	To Cash A/c				6,000
	(Cash deposited in bank)

(iv)	Sale Return A/c	Dr.		2,000
	To Mayank’s A/c				2,000
	(Goods returned by Mayank)

(v)	Rakesh’s A/c	Dr.		2,000
	To Purchases Return A/c				2,000
	(Goods returned to Rakesh)

prepare journal entries:a.sold goods to divya 10000 b.received 9800 from divya in full settlement of her account c.cash deposited in the bank 6000 d.mayank returned goods of list price 2000 e.returned goods to rakesh list price 2,000.