Question

10.000
5,000
7. Pass the necessary Journal entries for the following transactions:
2020
April 1 Deposited in bank for opening a Current Account...........
April 2 Withdrawn from bank
April 5 Received a cheque trom Ramesh to whom goods were sold for 12,000 last year
Allowed him 1% discount on payment
April
7 Ramesh's cheque deposited in bank
April 9 Ramesh's cheque dishonoured (bank charges 20)
April 20 Ramesh settled his account by issuing cheque including 60 for interest .......
April 21 Cash directly deposited by Raja (Customer) in bank account .........
April 23 Bank draft got issued in favour of M/s Lal & Sons 5,000. Bank charges 700
April 28 A bill of exchange of 4,000 (due after one month) discounted from bank for 3,800
April 30 Bank charges debited by bank.............
April 30 Goods sold for cash 7,000 and half of the sale proceeds deposited in bank
12,080
8.000
...
400​

Answer 1

Answer:

April 1 bank A/C - Dr

To cash A/C

April 2 cash A/C -Dr

To bank A/C

April 5 bank A/C - Dr 12000

discount allowed A/C 120

To ramesh 12000

April 9 bank charges A/C - Dr 20

To bank A/C 20

April 21 bank A/C - Dr

To raja

April 23 M/s lala and sons - Dr 5000

bank charges A/C - Dr 700

To bank A/C 5700

April 28 bank A/C - Dr 2000

bills of exchange A/C - Dr 4000

To discount received A/C 3800

April 30 cash A/C - Dr 7000

To sales A/C 7000

April 30 bank A/C - Dr 3500

To cash A/C 3500