Is settlementand full settlement same ???? ' 'i, trade cuscnunttq
Sold goods costing 10,000 at coso plus Rest;
Sold goods purchased at list price Of æ 50,000 less 15% trade discount
of less 10% trade discount against cheque.
Amen returned goods of list price 10,000 sold to him at trade
the following transactions in the books of Bhushan Agencies:
R •eived from Bharat cash 20,000, allowed him discount Of 500.
from Vikas 35,000 by cheque, allowed him discount Of e 750,
With Good
Journa
2017
1 st
Jura 2
Received from Akhil 38,000 in settlement of his dues 40,000 in cash. June 3 R
from Amrit 50,000 account against dues of 60,WI June 4 P
Paid 40.000 to Suresh, availed discount of 2%.
June I
Paid by cheque 25,000 to Mehar and settled her dues Of e 26,000.
13
June 17
Paid 25.000 Yogesh by cheque on account.
June 20
Purchased against cheque and availed dune 27
from Akash & co., paid immediately"
June 30
CGS