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Record the following transactions in Journal: (i) Paid rent in advance Rs. 1,000. (ii) Received cash from Ram for a bad debt written off last year Rs. 1,100. (iii) Paid Rs. 1,450 to Anil on his account for Rs. 1,500. (iv) Bought goods of list price Rs. 25,000 from Rohit less 20% trade discount and 2% cash discount, paid 40% by cheque. (v) Sold goods to Rakesh of list price Rs. 50,000 less 20% trade discount and 2% cash discount, 50% paid by cheque.

AccountancyClass 11CBSEAnswered 23 Jun 2026
Answer
S.No.ParticularsL.F.Dr. (Rs.)Cr. (Rs.)
(i)Prepaid Rent A/c     Dr.
To Cash A/c
(Being rent paid in advance)		1,0001,000
(ii)Cash A/c     Dr.
To Bad Debts Recovered A/c
(Being bad debts written off last year, now recovered)		1,1001,100
(iii)Anil     Dr.
To Cash A/c
To Discount Received A/c
(Being cash paid to Anil in full settlement)		1,5001,450
50
(iv)Purchases A/c     Dr.
To Rohit A/c
(Goods purchased from Rohit at 20% trade discount; List price Rs. 25,000 less 20% = Rs. 20,000)

Rohit A/c     Dr.
To Bank A/c
To Discount Received A/c
(40% payment to Rohit under 2% cash discount; payment Rs. 8,000 less 2% = Rs. 7,840)		20,000

8,000		20,000

7,840
160
(v)Rakesh A/c     Dr.
To Sales A/c
(Goods sold to Rakesh at 20% trade discount; List price Rs. 50,000 less 20% = Rs. 40,000)

Bank A/c     Dr.
Discount Allowed A/c     Dr.
To Rakesh A/c
(50% payment by Rakesh under 2% cash discount; Rs. 20,000 less 2% = Rs. 19,600)		40,000

19,600
400		40,000

20,000

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