Question

2. Give journal entries of M/s Mohit traders from the following transactions:
2016
Aug. 1 Commenced business with cash₹10,000
2 Opened bank account with H.D.F.C.₹50,000
3 Purchased furniture for cash₹20,000
7 Bought goods for cash from M/s Rupa Traders₹30,000
8 Purchased goods from M/s Hema Traders₹42,000
10 Sold goods for cash₹30,000
14 Sold goods on credit to M/s Gupta Traders₹12,000
16 Rent paid₹4,000
18 Paid trade expenses₹1,000
20 Received cash from Gupta Traders₹12,000
22 Goods returned to Hema Traders₹2,000
23 Cash paid to Hema Traders₹40,000
25 Bought postage stamps₹100
30 Paid salary to Rishabh₹4,000
[Ans. Grand Total 3,57,100]​

Answer 1

There is some mistakes with your amount you have entered for august 1st. Please check amount correctly. And I had attached the answer..