Question

4
3. Journalise the following transactions in the books of Ashok General Stores.
2019
May 1 Received 5,000 from Ram on behalf of Bharat.
Purchased Goods for cash 55,000.
8 Paid for Salary 8,000.
12 Purchased goods from Ganesh 30,000 on credit.
17 Sold goods to Mrs. Neha * 60,000 on credit.
20 Purchased Machinery of * 80,000 @ 12% GST and amount paid by cheque.
25 Paid to SG & Sons by cheque * 30,000.
28 Received Commission 10,000 from Ganesh.
30 Paid Rent 5000.
31 Purchased Shares of Atul Company Ltd. for 10,000 through Demat account.​

Answer 1

Answer:

2019 may 1                 Dr.                     Cr.

cash a/c dr.              5000

to bharat a/c                                       5000

may 8

cash a/c dr.               8000

to salary a/c                                         8000

may 12

purchase a/c dr.        30000

to ganesh a/c                                       30000

may 17

mrs. neha a/c dr.        60000

to sales a/c                                           60000

may 20

purchase a/c dr.         80000

input GST a/c dr.           9600

to bank a/c                                            89600

may 25

SG &Sons a/c dr.         30000

to bank a/c                                             30000

may 28

cash a/c dr.                   10000

to comission a/c                                      10000

may 30

rent a/c dr.                      5000

to cash a/c                                                5000

may 31

ye nhi aata muje sorry

Explanation: commission and rent account are debited because these are nominal account and there is a rule of nominal account : all expense are debit and all income are credit!!