1 Assets:Premises 2,00,000; Delivery Van 50,000; Fixtures 5,000; Stock 375,000; Debtors: Hariharan
Rajhans 50,000; Cash at Bank 45,000; Cash in Hand * 30,000
30,000;
Liabilities: Creditors: Jawahar 1,00,000; Vikas 45,000; Telephone Expenses Payable 4,000; Output
CGST-240; Output SGST-240; Electricity Expenses Payable 4,520; Salaries Payable 7,000.
1 Paid rent by cheque 5,000
2 Goods purchased on credit from Prabhat, Delhi 15,000) Rajan, Delhi 78,000 Passi, Delhi 7,000
3 Goods sold on credit to Rakesh, Gurugram 17,000; Devender, Delhi 25,000;
Paid Telephone Bill, CGST and SGST by Cheque
4 Paid the bill of petrol expenses for Delivery Van 5,700*
5 Cash drawings by Rajesh Prabhu 4,000*
7 Paid salaries for the month of March, 2018 7,000*
9 Cash sales 5,000
11 Goods returned by Rakesh 5,000; Devender 1,000
12 Received cheques from debtors: Hariharan * 20,000; Rajhans 40,000*
16 Goods returned to Prabhat 4,000; Rajan 1,000
20 Cheques issued to creditors: Jawahar 50,000; Vikas 10,000*
22 Received cheques from Hariharan 10,000; Rajhans 10,000; Rakesh 10,000; Devender 5,000;
Cheques received from Rakesh and Devender are dated 25th May, 2018*
Bank
24 Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.' Discharge
25 Received cash from Devender in full settlement 21,000*
to chequr intang
Y3)24 Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.' Discharge
Answers
Answer:
Assets:Premises 2,00,000; Delivery Van 50,000; Fixtures 5,000; Stock 375,000; Debtors: Hariharan
Rajhans 50,000; Cash at Bank 45,000; Cash in Hand * 30,000
30,000;
Liabilities: Creditors: Jawahar 1,00,000; Vikas 45,000; Telephone Expenses Payable 4,000; Output
CGST-240; Output SGST-240; Electricity Expenses Payable 4,520; Salaries Payable 7,000.
1 Paid rent by cheque 5,000
2 Goods purchased on credit from Prabhat, Delhi 15,000) Rajan, Delhi 78,000 Passi, Delhi 7,000
3 Goods sold on credit to Rakesh, Gurugram 17,000; Devender, Delhi 25,000;
Paid Telephone Bill, CGST and SGST by Cheque
4 Paid the bill of petrol expenses for Delivery Van 5,700*
5 Cash drawings by Rajesh Prabhu 4,000*
7 Paid salaries for the month of March, 2018 7,000*
9 Cash sales 5,000
11 Goods returned by Rakesh 5,000; Devender 1,000
12 Received cheques from debtors: Hariharan * 20,000; Rajhans 40,000*
16 Goods returned to Prabhat 4,000; Rajan 1,000
20 Cheques issued to creditors: Jawahar 50,000; Vikas 10,000*
22 Received cheques from Hariharan 10,000; Rajhans 10,000; Rakesh 10,000; Devender 5,000;
Cheques received from Rakesh and Devender are dated 25th May, 2018*
Bank
24 Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.' Discharge
25 Received cash from Devender in full settlement 21,000*
to chequr intang
Y3)24 Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.' Discharge
Explanation:
Assets:Premises 2,00,000; Delivery Van 50,000; Fixtures 5,000; Stock 375,000; Debtors: Hariharan
Rajhans 50,000; Cash at Bank 45,000; Cash in Hand * 30,000
30,000;
Liabilities: Creditors: Jawahar 1,00,000; Vikas 45,000; Telephone Expenses Payable 4,000; Output
CGST-240; Output SGST-240; Electricity Expenses Payable 4,520; Salaries Payable 7,000.
1 Paid rent by cheque 5,000
2 Goods purchased on credit from Prabhat, Delhi 15,000) Rajan, Delhi 78,000 Passi, Delhi 7,000
3 Goods sold on credit to Rakesh, Gurugram 17,000; Devender, Delhi 25,000;
Paid Telephone Bill, CGST and SGST by Cheque
4 Paid the bill of petrol expenses for Delivery Van 5,700*
5 Cash drawings by Rajesh Prabhu 4,000*
7 Paid salaries for the month of March, 2018 7,000*
9 Cash sales 5,000
11 Goods returned by Rakesh 5,000; Devender 1,000
12 Received cheques from debtors: Hariharan * 20,000; Rajhans 40,000*
16 Goods returned to Prabhat 4,000; Rajan 1,000
20 Cheques issued to creditors: Jawahar 50,000; Vikas 10,000*
22 Received cheques from Hariharan 10,000; Rajhans 10,000; Rakesh 10,000; Devender 5,000;
Cheques received from Rakesh and Devender are dated 25th May, 2018*
Bank
24 Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.' Discharge
25 Received cash from Devender in full settlement 21,000*
to chequr intang
Y3)24 Cheques from Rakesh and Devender were discounted from bank paying interest @ 10% p.a.' Dischargev