April
Journalise the following transactions:
(i) Salary paid to X
(ii) Goods withdrawn by proprietor for personal use.
(iii) Discount received from a creditor
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(iv) Rs. 20,000 worth of stock was purchased at 25% trade discount.
[Manonmanian, B.Com. April 2000]
Hint: (iv) Entry to be passed for Rs. 15,000 as goods purchased for cash without bringing
trade discount into account.
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