Question
M. Govind keeps self-balancing ledgers. Record the following transactions in the General Ledger Adjustment Account in the Sales Ledger : 1.4.2006 Received Rs. 475 from
M. Govind keeps self-balancing ledgers. Record the following transactions in the General Ledger Adjustment Account in the Sales Ledger :
1.4.2006 Received Rs. 475 from Mr. X in full settlement. He was allowed a discount of Rs. 25. 2.4.2006 Received Rs. 2,000 from Mr. Y towards his dues in full. 3.4.2006 Goods supplied to Mr. T. Rs. 700 and received Rs. 300 after adjustment of the advance of Rs. 400. 4.4.2006 Bad debts recovered from Mr. Q Rs. 1,000. 5.4.2006 Goods sold to the following : Mr. A Rs. 1,000 Mr. B Rs. 1,500 Mr. C Rs. 2,000 15.4.2006 Mr. P paid Rs. 750 towards dues. Balance thereafter due was Rs. 250. 25.4.2006 Amount received from the following : Mr. A Rs. 750 Mr. B Rs. 1,000 Mr. C Rs. 2,000 30.4.2006 Advance received from Mr. R for supply Rs. 2,000.
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