Question

10.
Journalise the following transactions in the books of Naveen Stores-
1.
Started business with cash 1,20,000, goods 60,000 and machinery 14,000.
Purchased furniture 8,000 from Ratan. He paid 500 carriage expense on our account.
3.
Goods purchased of the list price of 18,000 from Vijay for cash at 20% trade discount
and 10% cash discount.
4.
Goods of the list price of 7 40,000 sold to Kriti at 20% trade discount and 10% cash
discount. She paid half the amount in cash.
5.
Order of 20,000 received from Mukesh.
6.
Paid wages 18,000, carriage 2,000. Received 500 as discount in cash.
7. Cash defalcated by the accountant 1,500.
Order given to the supplier Sadik to supply the goods to Mukesh as for his order.
Intimation of the cash defalcation by the accountant on 7th was given to police and the
insurance co.
Note : No entry will be passed on 5th, 8th and 9th, as they do not amount to transactions.
Monotho inurnal entries for the following transactions in the books of Ravi-
8.
9.​

Answer 1

Answer:

journal

1. ,Cash a/c. dr. 120000

Stock a,/c. dr. 60000

Machinery. dr. 14000

To capital a/ c. 194000

2. Furniture a/,c. dr 8500

To Ratan. 8500

3. Purchase a/c. dr. 14400

To cash account. 12960

To discount received. 1440

4 Cash a/c. dr 266400

Kriti. dr. 296000

discount allowed. dr. 29600

To sales a,/ c. 592000

5. no entry

6. wages a/ c. dr. 18000

carriage a,/c. dr 2000

To cash a/c 19500

To discount received a/c 500

7. Loss by theft. dr 1500

To cash a/c. 1500

8. ,No entry

9. . No entry