Question

2
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500
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Journalise the following transactions:
Rs.
1988
60,000
Jan. 1 Gopal Rao commenced business with cash
20,000
2 Bought a building
2,000
4 Purchased furniture from Lalaji on credit
5 Purchased goods for cash
15,000
6 Sold goods to Ranga Rao on credit
5,000
6 Sold goods to Augustine & Co. on credit
8,000
8 Purchased goods from Manohar Singh on credit
5,000
9 Goods returned by Ranga Rao
1.000
15 Goods returned to Manohar Singh
17 Purchased goods from Krishna Rao
20,000
20 Purchased investments
10,000
25 Paid to Manohar Singh
4,500
26 Received from Augustine by cheque
7,000
27 Amount drawn for personal use by the proprietor
500
27 Stationery purchased
400
28 Paid to Lalaji in full settlement of his account
1,950
30 Salaries paid to clerk
1,200
30 Electricity charges paid
31 Ranga Rao became insolvent. Received final
composition of 50 paise in a rupee.
Hint: You can pass a compound journal entry for sales made to Ranga Rao and
Augustine & Co. on January 6, 1988.
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200​

Answer 1

This question is confusing bro.....

Follow me....guys.......

Answer 2

Answer:

Can't do it.

Explanation:

i will pass on.