Question

1. Rajat started a business on 15 April, 2017 introducing Rs.2,50,000 as capital. He opened a bank account
with a bank with Rs.1,50,000. During first week of April, following further transactions took place. You are
required to record all the transactions in the journal of the business:
Date
Transaction
2017
April,01 Bought furniture for Rs.3,000 for cash.
--,-,02
Bought goods for cash Rs.4,600 and on credit from Bharat traders for Rs.9,400.
-----,03
Goods sold for Rs.2,650 and deposited Rs.1,000 in bank.
---,--,04 Goods bought form Chaitanya Traders. List price of goods is Rs.4,600 and they
allowed 5% trade discount. They also allow 5% cash discount. 50% amount is
immediately paid by cheque.
-,-,04
Paid freight charges Rs. 50 against purchases.
----,05 Sold goods with a list price 5.200 to Darshan and allowed him a trade discount
of 5%.
7--05 Bought stationery Rs.35 and paid Cantage Rs.30 on sales.
3--06
Darshan retuned goods list price of which is Rs.260.
----,06 Darshan cleared his dues by issuing a cheque after deducting cash discount @ 10%.
--07
Abhilash paid electricity bill of Rs. 240 fais residence and Rs.365 for his shop.
Following transactions took place in the hucinare
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niai.. n​

Answer 1

Answer:

plz refer from attachment