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Syllabus
What will be the journal entry?
April 1 Balance due to Chand Rs. 1200
April 6 Purchased from Chand 72 chairs at rs 50 each less 25 percent trade discount
April 8 Returned to Chand 6 damaged chairs
April 10 Paid Carriage on behalf of Chand
April 15 Sold to Chand a table for rs 150
April 20 Paid to Chand the balance due on April 1 less 5 percent cash discount
April 30 Purchased from Chand furniture for rs 500