Ques 23 Journal Ch 8 Class 11 Accounts TS Grewal

Journalise the following transactions in the books of Bhushan Agencies :

1) Received cash from Bharat 20000 allowed him discount 500
2) Received from Vikas 35000 by cheque allowed him discount of 750
3) Received cash from Akhil 38000 in settlement of his dues of 40000
4) Received from Amrit 50000 by cheque on account against dues of 60000
5) Paid cash 39200 to Suresh in settlement of his dues availed discount of 2 %
6) Paid by cheque 25000 to Mehar in settlement of her dues of 26000
7) Paid 25000 to Yogesh by cheque on account
8) Purchased goods costing 100000 against cheque and availed discount of 3%
9) Purchased goods costing 60000 from Akash & Co. paid 50% immediately availing 3 % discount
10) Sold goods of 30000 against cheque allowing 2 % discount
11) Sold goods of 60000 to Vimal .Received 50 % of due amount allowing 2 % discount
12) Mittal Bros. purchased 100 shawls @ 3000 per shawl. Allowed 10 % trade discount and 3 % cash discount if payment is made within 14 days. Mittal Bros. received 10 shawls of poor quality which is returned. Mittal Bros settled the payment in 10 days.
13) Sold to Gupta Shawls 100 shawls @ 200 per shawl on 4th Jan 2023. Trade discount 25 % and cash discount 5 % if full payment is made within 14 days . Gupta Shawls sent 50 % of the payment on 14th Jan 2023 and balance payment on 10th February 2023

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