Question

23. Journalise the following transactions:2019Feb .5Renuka's Account settled through a cheque of 18,000 and discount received of 500Feb.8Cheque issued to Renuka is dishonoured.Feb.12 A cheque of 12,000 received from Piyush in full settlement of his account of 12,400Feb. 14 Cheque received from Piyush endorsed to Arnav.Feb. 18 Received a cheque of 15,000 from Gopal in full settlement of his account of 15,400Feb.20Gopal's cheque dishonoured.​

Answer 1

Answer:

Explanation:

feb 5    RENUKA'S A/C DR   18,500.00

                 TO BANK A/C                18,000.00

                 TO DISCOUNT A/C               500.00

     (BEING AMOUNT PAID TO RENUKA)

FEB 8        BANK A/C DR             18,000.00

                 DISCOUNT A/C DR         500.00

                       TO RENUKA'S A/C            18,500.00

     (BEING RENUKA'S CHEQUE DISHONOURED)

FEB 12        CHEQUES IN HAND A/C DR     12,000.00

                   DISCOUNT A/C DR                          400.00

                            TO PIYUSH A/C        12,400.00

        (BEING CHEQUE TO PIYUSH)

FEB 14     ARNAV A/C DR     12,000.00

                     TO CHEQUES IN HAND A/C     12,000.00

       (BEING PIYUSH CHEQUE ENDORSED TO ARNAV)

FEB 18     CHEQUES IN HAND A/C DR 15,000.00

                DISCOUNT A/C DR                      400.00

                        TO GOPAL A/C                                 15,400.00

          (BEING CHEQUE RECEIVED FROM GOPAL)

FEB 20       GOPAL'S A/C DR           15,400.00

                              TO CHEQUES IN HAND A/C   15,000.00

                             TO DISCOUNT A/C                         400.00

            (BEING GOPAL'S CHEQUE DISHONOURED)