Question

18. Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri Rakesh)
un
June 30 Paid leisurano
June 30 Paid salary
50.000
10,000
1
60,000
10,000
2,000
8.000
1 Rakesh commenced business with cash
2Purchased goods for cash
5 Purchased goods from Mohan Delhi
7 Opened bank account with Bank of India
10 Purchased tuture for office
15 Sold goods for cash
Jan 20 Sold goods to Ram of the list price of 1,25,000 less 20% Trade discount and 2% cash discount
and paid 4096 by cheque
5 Cash sales
Ja Paid to Mohan on account
Jan 28 Ram returns goods of sale value
31 Pad Salanes
3,500
3,000
31 Pad to the Pet Cashier
31 Rejected and retumed 5% of goods supplied by Mohan
5,000
9,000
3,000
Hint: Journal entries on 20th January, 2020:
) Dr. Ram​

Answer 1

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