Question

[10] Q. 3 Journalise the following transactions in the journal of Ms. Mona 2021 Jun 1 Started business with Cash Rs. 2,00,000 Jun 4 Purchased goods from Kavish Rs.3,00,000 at 10% T.D. and 5% C.D. Jun 9 Sold goods to Aparna for Rs. 4,00,000 at 5% T.D. and 10% C.D. Jun 18 Advertisement purpose goods of Rs.15,000 distributed as free sample. Jun 22 Paid office rent RS. 50,000. Jun 26 Bought 50 share of Gandhi industries @ Rs. 3000 each. Jun 27 Purchased Motor Car worth Rs. 50,000. Jun 29 Dividend received Rs. 5,000.​

Answer 1

Answer:

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Explanation:

Solution

(i) (a) Purchases A/c Dr.40,000 and Vinod Cr.40,000

(b) Vinod Dr.16,000 and Bank Cr.15,680; Discount Cr.320.

(ii) (a) Mohan Dr.80,000 and Sales Cr.80,000.

(b) Bank Dr.39,200; Discount Dr.800 and Mohan Cr.40,000.

(iii) Drawings Dr.2,000 and Bank Cr.2,000.