Question

4. Journalise the following transaction in the books of Ram
2011 July 1 Started business with cash Rs. 650,000, goods Rs. 100,000 and laptop Rs. 90,000
3 Deposited in Bank Rs. 300,000
7 Bought goods on credit from Rakesh Rs. 20,000 at 20%trade discount
11 Sold goods to Sailesh of Rs. 24,000 at 10% trade discount
13 Goods worth Rs. 1,800 burnt by fire
17 Received cash of Rs. 20,400 from Sailesh in full settlement of his account
20 Drew from bank Rs. 8,000 for his personal purpose
23 Paid cash Rs. 12,600 to Rakesh in full settlement of his account
25 Paid house rent Rs. 5,000
28 Sold goods worth Rs 24,000 to Dinesh who paid us Rs. 16,000 on account
30
Wages paid Rs. 12,000

Answer 1

Answer:

Step-by-step explanation:

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