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1) XYZ Ltd bought goods for Rs.200000 from ABC Ltd. The co
gave 10% discount. give journal entries in the books of ABC
Ltd and XYZ Ltd.
2) Goods bought for Rs.400000. While transporting goods
destroyed. Insurance co agreed to pay 75%. post journal
entries.
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Answer Posted / srinivasan
Purchase A/C Dr 200000
ABC Ltd A/C Dr 180000
To Discount Received 2000000
Distroyed A/c Dr
To Good Return A/c
| Is This Answer Correct ? | 2 Yes | 11 No |
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