Question

17. Pass Journal entries for the following transactions
(13)
1. Commenced business with cash of Rs. 10,00,000.
2. Sold goods to Muskan of the list price of Rs 2,00.000 ar trade discount of
20%
3. Muskan returned goods of the list price of Rs5000.
4. Received from Muskan the full payment under a cash discount of 4%.
5. Provide 9% Interest on Capital amounting to Rs 2,00,000.
6. Withdrew from bank RS 25,000 for personal use.
7. Purchased Machinery for cash R$1.50,000 and paid Rs 10,000 on its
installation
8. Goods of Rs 10,000 distributed as free samples.
9. Charge depreciation 5% on building costing Rs2,00,000.
10. Raj who owed us Rs 20,000 became insolvent. 60P in a rupee is received
from his estale.
11. Goods Purchased of Rs 12,000 and payment made by cheque.
12.Out of rent paid this year Rs5000 is related to next year.
13.Paid into bank Rs 20,000
Et​

Answer 1

Answer:

1.Cash a/c Dr 1000000

To capital a/c 1000000