Question

13. Pass the journal entries in the books of Chandan traders for 2020.
Jan 1 Started business with cash Rs.15,000.
Jan 3 Sold goods to Hari Rs. 8,000
Jan 6 Purchased goods from Vishnu Rs. 5,000.
Jan 11 Received cheque from Hari Rs. 8,000.
Jan 15 - Outstanding rent Rs. 1,000
Jan 18 Goods returned to Vishnu Rs. 500.
Jan 20 Hari's cheque deposited into bank.
Jan 24 Interest on bank loan due Rs. 200.
Jan 27 - Paid Vishnu in full settlement of his account Rs. 4000.
Jan 28 - Goods destroyed by fire Rs. 1500.
Jan 30 - Salary paid to manager Rs. 2000
*****

Answer 1

Answer:

cash a/c dr

to chandan capital a/c

hari a/c. dr

to sales a/c

purchase a/c. dr

to vishnu a/c

cash a/c. dr.

to hari a/c

bank due loan is not to be considered because there is no money given or taken, there is nothing transaction occurred

vishnu a/c. dr

to cash a/c

goods destroyed by fire should not considered, as there is no transaction occurred

salary a/c. dr

to bank a/c