Question

25 transaction for accounting quetions and solution

Answer 1

Mr. Nirmal has the following transactions in the month of April.

Write Journal Entries for the transactions.

10th April:Commenced business with a capital of 1,00,000
11th April:Purchased goods from Veeru for 20,000
13th April:Purchased Goods for Cash 15,000
14th April:Purchased Goods from Abhiram for cash 9,000
16th April:Bought Goods from Shyam on credit 12,000
17th April:Sold goods worth 15,000 to Tarun
19th April:Sold goods for cash 20,000
20th April:Sold goods to Utsav for cash 6,000
21st April:Sold goods to Pranav on credit 17,000
22nd April:Returned goods to Veeru 3,000
23rd April:Goods returned from Tarun 1,000
25th April:Goods taken by the proprietor for personal use 1,000
26th April:Bought Land for 50,000
27th April:Purchased machinery for cash 45,000
28th April:Bought computer from Intel Computers for 25,000
28th April:Cash sales 15,00029th April:Cash purchases 22,000
30th April:Bought furniture for proprietor's residence and paid cash 10,000