Question

1) From the following transaction you are required to prepare Journal of Mr. Indian Trading
Corporation (April-20119)

1) Started business with cash Rs. 50,000, goods Rs.30,000 & Furniture Rs.10,000 &
Bank Balance Rs. 20000
2) Open Bank current Account by depositing Rs.5.000. In bank of india
3) Furniture purchased for cash Rs. 5,000.
4) Machinery purchased on credit from Mahavir Tarder for Rs.30,000.
5) Cash paid to Mahvir Rs.25.000. & discount received Rs.5.000.
6) Goods purchased from Ramesh Rs.5,000.
7) Goods return to Ramesh Rs.2.000.
8) Paid interest Rs.1,500
9) Cash sales Rs.10,000.
10) Paid Carriage Rs.750.​

Answer 1

Answer:

its corect answer is journal entry