Journalize the following transactions in the books of Chota Bhim for the April 2019. Date Particulars 1 2 3 4 5 6 7 9 10 Sold goods for Rs10000 Sold goods to Sachin Rs 20000 Sold goods to Amit for Rs 30000 against the current dated cheque Sold goods to Atul at a list price of Rs30000 at a trade discount of 10% Sold goods to Sunit at a list price of Rs125000 less a 25% Trade Discount and received the current dated cheque under a cash discount of 2% Sold goods to Sahil at a list price of Rs125000 less 250 % Trade Discount and 2% cash discount and paid 40% by Cheque Sold goods costing Rs 40000 to Anita for cash at a profit of 25% on cost less 20% Trade discount and charged 8% sales tax and paid cartage R$100 (not to be charged from customers) Sachin rejected and returned 10% of Goods Atul rejected and returned 10% of Goods.

Journalize the following transactions in the books of Chota Bhim for the April 2019. Date Particulars 1 2 3 4 5 6 7 9 10 Sold goods for Rs10000 Sold goods to Sachin Rs 20000 Sold goods to Amit for Rs 30000 against the current dated cheque Sold goods to Atul at a list price of Rs30000 at a trade discount of 10% Sold goods to Sunit at a list price of Rs125000 less a 25% Trade Discount and received the current dated cheque under a cash discount of 2% Sold goods to Sahil at a list price of Rs125000 less 250 % Trade Discount and 2% cash discount and paid 40% by Cheque Sold goods costing Rs 40000 to Anita for cash at a profit of 25% on cost less 20% Trade discount and charged 8% sales tax and paid cartage R$100 (not to be charged from customers) Sachin rejected and returned 10% of Goods Atul rejected and returned 10% of Goods.

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter9: Accounting For Receivables

Section: Chapter Questions

Problem 15EA: Resin Milling issued a $390,500 note on January 1, 2018 to a customer in exchange for merchandise....

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