8. Give Journal Entries for the following transactions in the books of Raja Ram & Co.:
| 2023 | |
|---|---|
| March 3 | Bought goods for cash of the list price of ₹80,000 at 10% trade discount and 2½% cash discount. |
| 5 | Sold goods for cash of the list price of ₹1,00,000 at 15% trade discount and 3% cash discount. |
| 6 | Sold goods to Nagpal of the list price of ₹50,000 at 20% trade discount. |
| 8 | Nagpal returned one-fourth of the above goods. |
| 10 | Nagpal settled the account by paying cash under a discount of 5%. |
D.K.Goel/2024 Edition/Practical Questions/Q-08
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company