Accountancy, asked by siddhant61005, 1 month ago

16. Journalise the following transactions in the books of Gupta Traders:

2018

Jul 1: Started business with cash Rs.2,50,000: goods worth Rs.15,000 and furniture worth Rs.20,000.
Jul 2: Paid into bank Rs.50,000.
Jul 3: Bought goods from Mohan Bros. Rs.7,000 (CGST and SGST paid @ 9% each). Paid cartage Rs.500.
Jul 4: Sold goods to Kayal Rs.6,000 (CGST and SGST @ 5%).
Jul 5: Bought a second-hand delivery van from Manish by paing him cheque Rs.10,000. Spent Rs.1,500 for its repair.
Jul 7: Received Rs.3,000 from travelling salesman for goods sold by him after deducting travelling expenses Rs.150.
Jul 10: Kayal became insolvent and a final payment of 75 Paise in a Rupee received from him.
Jul 11: Paid to Mohan Bros. by cheque and received a discount of Rs.300.
Jul 13: Paid for repairs of furniture Rs.500.
Jul 13: Received an order for goods along with advance of Rs.1,000 in cash from Mahesh.
Jul 15: Interest received from bank Rs.700.
Jul 20: Bank intimates that the cheque of Kayal Bros. has been returned dishonoured.
Jul 26: Paid rent by cheque Rs.2,000.
Jul 31: Salaries for the month of June remains unpaid Rs.350.​

Answers

Answered by mamtabaheti78
0

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