21. Journalise the following transactions in the books of Lal Krishan :
2015
April 1. Purchased goods for 8,000, carriage on purchase * 100.
April 2 Purchased machinery for 14,500, freight on purchase 500.
April 7 Goods sold for 12,000, selling commission paid 600.
April 8. Furniture costing 15,000 sold for 18,000, brokerage on sale * 1,000.
April 9. A business vehicle costing 35,000 was sold for 30,000, selling commission paid * 900.
Answers
Explanation:
purchase A/c Dr 8000
carriage inward A/c Dr 100
To cash A/c 8100
machinery A/c Dr 15000
(freight charge)
To cash A/c 15000
cash A/c Dr 12000
To sales A/c 12000
commission A/c Dr 600
To cash A/c 600
Cash A/c Dr 17000
brokerage A/c Dr 1000
To Furniture A/c 15000
To profit on sale 3000
cash A/c Dr 29100
loss on sale Dr 5000
commission A/c Dr 900
To vehicle A/c 35000
Answer:
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