Question

4. Journalise the following transactions in the books of Miss. Nivedita
2010 May
1 Commenced business with Cash Rs. 1,10,000.
4 Purchased goods for cash Rs. 60,000.
5 Sold goods for cash Rs. 70,000.
9 Deposited into Bank of India Rs. 1,00,000.
13 Paid for stationary Rs. 10,000 stat
17 Purchased Computer with printer Rs. 40,000.C
21 Purchased goods from Ravi for Rs. 50,000 on credit
25 Paid Office Rent Rs. 2,000.
26 Received commission Rs. 1,000.
30 Withdrew from bank for office use Rs. 5,0000
31 Paid for salaries Rs. 4,500.​

Answer 1

Answer:

1)total = ₹110000

amount left after purchasing goods = ₹110000-₹60000=₹50000

total amount after selling the goods = 50000 + ₹70000 = ₹120000

amount after paying for stationery = ₹110000

amount left after buying PC and printer = ₹110000 - ₹40000=₹70000

amount after purshasing goods from ravi = ₹20000

amount after paying office rent = ₹18000

amount after recieving commission = ₹19000

amount after recieving salary = ₹23500