Question

1) Soraj Mart furnishes the following information : Transactions during the month of April, 2017 are as under : Date Details 01.4.2017 Business started with cash 1,50,000. 01.4.2017 Goods purchased form Manisha 36,000. 01.4.2017 Stationery purchased for cash 2,200. 02.4.2017 Open a bank account with SBI for 35,000. 02.4.2017 Goods sold to Priya for 16,000. 03.4.2017 Received a cheque of 16,000 from Priya. 05.4.2017 Sold goods to Nidhi 14,000. 08.4.2017 Nidhi pays 14,000 cash. 10.4.2017 Purchased goods for 20,000 on credit from Ritu. 14.4.2017 Insurance paid by cheque 6,000. 18.4.2017 Paid rent 2,000. 20.4.2017 Goods costing 1,500 given as charity. 24.4.2017 Purchased office furniture for 11,200. 29.4.2017 Cash withdrawn for household purposes 5000. 30.4.2017 Interest received cash 1,200. 30.4.2017 Cash sales 2,300. 30.4.2017 Commission paid 3,000 by cheque. 30.4.2017 Telephone bill paid by cheque 2,000. 30.4.2017 Payment of salaries in cash 12,000. Journalise the transactions. 10M 2) Record necessary Journal entries in the​

Answer 1

Explanation:

Suraj Mart furnishes the following information:

Transaction s during the month of April 2010 are as under:

Date Details

1.4.2010 Business started with cash Rs. 1,50,000

1.4.2010 Goods purchased from Manisha Rs 36,000

1.4.2010 Stationary purchased for cash Rs 2,200

2.4.2010 Open a bank account with SBI for Rs. 35,000

2.4.2010 Goods sold to Priya for Rs. 16,000

3.4.2010 Received a cheque of Rs. 16,000 from Priya.

5.4.2010 Sold goods to Nidhi Rs. 14,000.

8.4.2010 Nidhi pays Rs 14,000 cash

10.4.2010 Purchased goods for Rs. 20,000 on credit from Ritu

14.4.2010 Insurance paid by cheque Rs. 6,000