Question

20. Enter the following transactions in the Journal of Suresh. Delhi who trades in readymade
garments
60.000
Apni 1 Suresh paid in bank as Capital
24,000
2. He bought goods and paid by cheque
6,700
April 3 Sold goods to Mukand & Co Delhi
Apel 4 Sold goods for cash.
10.900
April 5 Paid sundry expenses in cash
3,000
April 8 Paid for oice fumiture and findings by cheque
4.000
April 9 Bought goods from Ramesh & Bros
10.600
April 11 Retured goods to Ramesh & Bros
1.500
April 12 Issued cheque lo Ramesh & Bros in settlement
8.500
April 12 Goods costing 5.000 destroyed by fire.
April 20 Insurance Company paid claim
April 30 Bank charged interest
200
April 30 Borrowed from Ridhi @ 10% per annum interest
50.000
April 30 Received from Mukand & Co. on account
3.000
April 30 Sold household furniture and paid the amount into business
10.000
April 30 Soid goods costing 5,000 to Anita for cash at a profit of 20% on cost, less 20% trade discount
Apri 30 Sold goods costing 20,000 to Sunil at a profit of 20% on sale less 20% Trade Discount and paid
cartege 150 (to be charged from customer).
Hint: Household furniture is personal asset. Since amount realised is invested in the firm,
Suresh's Capital Account will be credited.]​

Answer 1

Answer:

31, Paid for electricity charges, 1,000 ... (vii) Sold goods to Aman of list price of ₹ 30,000 at 10% trade discount against ... (Sold household furniture and paid the amount into business).