Question

1. From the following transactions, write journal in the books of Radha.
2015 JULY :
JULY 1: Started business with cash Rs. 25,000, Stock of goods Rs. 15,000, Debtors Rs. 20,000, Bills
receivable Rs. 12,000, creditors Rs. 11,000 And loan from Suresh Rs. 18,000.
JULY 2 : Bought goods of Rs. 20,000 at 10% T.D and 10% C.D from Sonal Traders and paid half of the
amount in cash and cheque in the ratio of 3:4.
JULY 3. The goods purchase from sonal traders was sold to manish trader Adding 20%profit
selling price. They paid 3/4th amount in cash.
JULY 4 :Manish traders returned 1/4th goods which we returned to Sonal trader.
JULY 5: Withdrew from bank Rs. 15,000 for office use and Rs.10,000 Personal use.
JULY 6: Goods worth Rs. 15,000 destroyed by fire and insurance company accepted claim of Rs.
12,000 and realized Rs. 1,000 selling damaged goods.​

Answer 1

Answer:

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)

(1) Goods A/C

(2) Wages A/C

(3) Loan A/C

(4) Debtors A/C

(5) Creditors A/C

(6) Furniture A/C

(7) Bills Receivable A/C (8) Meena's Capital A/c (9) Drawing A/C

(10) Discount A/C

(11) Rent Received A/c (12) Building A/C

CANA