2 Journalise the following transactions in the books of Gopi Chand. 2016 Amt () Aug 1 Gopi Chand commenced business with cash Aug 2 Purchased goods for cash Aug 5 Purchased goods from Hari on credit Aug 7 Paid into bank Aug 10 Purchased furniture Aug 15 Sold goods for cash Aug 20 Sold goods to Ram on credit Aug 25 Cash sales Aug 27 Paid to Hari on account Aug 28 Paid wages Aug 30 Paid rent Aug 31 Paid salaries Aug 31 Rejected and returned 10% of goods supplied by Hari. Ans Total of Journal = 96,200 Hint : Goods returned by Hari * 600 (6,000 x10%) 50,000 10,000 6,000 5,000 2,000 7,000 5,000 3,500 3,000 100 1,200 2,800 -
Answers
Answer:
Explanation:
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RECTIFIED JOURNAL ENTRIES
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1) Cash a/c dr. 10,000
Gopi capital a/c cr.10,000
(commenced business with cash)
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2) Purchase a/c dr.
To cash a/c cr.
(cash purchase)
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3) Purchase a/c dr.
To Hari a/c cr.
( purchased goods from hari)
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4) Bank a/c dr.
To Cash a/c cr.
( deposited into bank,)
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5) Furniture a/c dr.
To cash a/c cr.
( purchased furniture)
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6) Cash a/c dr.
To sales a/c cr.
(cash sales)
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7) Ram a/c dr.
To sales a/c. cr.
( credit sale to ram)
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8) Cash a/c. dr.
To sales a/c. cr.
(cash sales )
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9) Hari a/c. dr
Salary a/c. dr.
Rent a/c. dr.
Wages a/c. dr.
To cash a/c. cr.
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( paid salary,rent,wages,and cash to hari)
10) Hari a/c. dr
To purchase return a/c. cr
(goods returned to hari)
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The amount is not clear so it is not written but the entries are written instead