Question

23. 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 5,000.
[Ans. Total 3,00,760]​

Answer 1

Answer:

1. purchase a/c dr.

carriage inward a/c dr.

To sohan a/c

To cash a/c

2. horse a/c dr.

To cash Or bank a/c

3. motor cycle a/c dr.

To bank a/c