Question

21. Enter the following transactions in the Journal of Amar:
1. Bought goods from Sohan for 20,000 and paid carriage * 300.
2. Bought a horse for * 11,000 for delivering goods to customers.
3. Bought motor cycle for $20,000 for personal use of Amar and
paid by cheque.
4. Sold goods to Mohan of list price 30,000 less 10% trade discount.
5. An old machine of book value * 40,000 is exchanged for a new
machine costing * 1,00,000. The old machine is valued 30,000
by Goyal Stores
6. Received a cheque from Mohan under 2% cash discount and
deposited in the bank after two days.
7. Cheque of Mohan dishonoured due to his insolvency.
8. Mohan could pay only 50 paisa in a rupee due to his insolvency.
9. Charge depreciation on machine 35,000. (Ans. Total 7 3,00,760)
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Answer 1

Answer:

1. Bought goods from Sohan for 20,000 and paid carriage * 300.