Journalise the following transactions:Sold goods to Anand for Rs.2,000 at a trade discount of 10%. Received cash from Soman for Rs.1,850 in full settlement of his account Rs.1,900.Settled the account of Kumar for Rs.1,500 by paying him Rs. 1,475ChatGPTHere are the journal entries for the transactions you provided:Sold goods to Anand for Rs.2,000 at a trade discount of 10%:Journal Entry:Debit: Accounts Receivable (Anand) Rs.2,000Credit: Sales Rs.2,000Credit: Discount Allowed Rs.200 (10% of Rs.2,000)This entry records the sale of goods to Anand, the reduction in accounts receivable, and the discount allowed.Received cash from Soman for Rs.1,850 in full settlement of his account Rs.1,900:Journal Entry:Debit: Cash Rs.1,850Credit: Accounts Receivable (Soman) Rs.1,900Credit: Discount Allowed Rs.50 (Rs.1,900 - Rs.1,850)This entry records the cash received from Soman, the reduction in accounts receivable, and the discount allowed for early settlement.Settled the account of Kumar for Rs.1,500 by paying him Rs.1,475:Journal Entry:Debit: Accounts Payable (Kumar) Rs.1,500Debit: Discount Received Rs.25 (Rs.1,500 - Rs.1,475)Credit: Cash Rs.1,475This entry records the payment to settle Kumar's account, the reduction in accounts payable, and the discount received for early settlement.

Journalise the following transactions:Sold goods to Anand for Rs.2,000 at a trade discount of 10%.

) Following transactions are given: [4]a) Goods sold to Rabi on cash Rs. 70,000.b) Goods sold to Rabi on credit Rs. 30,000.c) Goods returned by Rabi Rs. 10,000.d) Rabi settled his account paying cash Rs. 18,000. Required:Journal entries Rabi's account

Q-1: Journalise the following transactions:Jan-1 Ramesh started business with cash Rs. 50,000.Jan-4 Purchased goods for cash Rs. 7,000.Jan-5 Sold goods for cash Rs. 5,000.Jan-7 Purchased goods from Mohan on credit worth Rs. 4,500.Jan-12 Sold goods to Sohan on credit worth Rs. 2,000.Jan-16 Paid wages amounted to Rs. 4,000.Jan-17 Paid salaries to Rs. 2,500Jan-22 Received commission Rs. 2,000.Jan-25 Goods returned by Sohan worth Rs. 1,500.Jan-28 Returned goods to Mohan Rs. 1,000.Jan-30 Cash Received from Sohan Rs. 1,200.Jan-31 Purchased furniture from Deepak worth Rs. 5,000.

The following transactions are given May      1: Business started with cash of 150002: Goods purchased for cash 50003: Purchased goods from Mr. Agrawal 10005: Paid to Mr. Agrawal 10009: Paid for postage 12011: Deposited into bank 700014: Sold goods on credit to Ram 150015: Received cash from Ram 100019: Paid telephone charges of 6024: Purchased Furniture 3000029: Cash sales 90030: Received from Ram 50031: Paid salaries for the month of 15031: Purchase government securities 50031: Paid for advertising by cheque 150Required:  Journal Entries

Mr. Anand does not maintain proper books of accounts. From the followinginformation prepare Trading and Profit and Loss A/c for the year ended31-3-2022 and the Balance Sheet as on that date.Assets and Liabilities 1-4-2021 31-3-2022Debtors 34,000 48,000Stock 18,000 24,000Furniture 10,000 10,000Creditors 12,000 9,000Cash in hand 8,000 4,000Other factors are as follows:Cash collected from debtors 1,20,000Cash paid to creditors 84,000Salaries 20,000Rent 6,000Office expenses 4,000Drawings 8,000Cash sales 6,000Cash purchase 12,000Discount received 2,000Discount allowed 4,000Return inward 2,0001,000