Question

10.
Record the following transactions in the books Chitmani & Company for the month April, 2010.
Balance on 1* April 2010.
Cash in hand & 21,000; Cash at bank 7 3,00,000. Furniture * 1,00,000; Laptop & Printer * 90,000; Debtors
Chetan - 7 7,000, Dilip-9,000, Stock 7 25,000, Creditors Gauri-7 6,000, Hema-78,000, Bank Loan * 30,000.
Transactions during the month of April were as follows:-
2010 April
1
3
5
7
q
12
15
20
23
25
28
30
Purchased goods of the list price 730,000 at 10% Trade Discount on credit from Mr. Kavare.
Received R 8,800 cash from Mr. Dilip in full & Final settlement of his account.
Rent paid to landlord $ 5.000.
Sold goods to Mr. Eknath on credit * 15,000.
Goods costing *250 distributed as free samples.
cash withdrawn by proprietor for private purpose * 5,000.
Mr. Eknath pays * 14,250 after getting 5% discount for prompt payment.
Interest on Bank loan * 1,000 debited to the current account of the proprietor.
Paid R 7,900 to Mrs. Hema in full & final settlement of her account.
Cash Purchases at list price 7 10,000 Trade Discount allowed & 500.
Purchased Maruti Van for Business *1,75,000, amount paid by cheque.
Commission paid by cheque*7,000.

Answer 1

Answer:

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