Question

4. The transactions of Shri Pulin for the month of February, 2016
are given below. Write necessary journal entries.
2016. Feb. 1. Pulin commenced business with cash Rs. 50.000,
Debtors Rs. 10.000 and stock of goods Rs. 30.000
2. Due to need for more money in business, he sold his
personal car for Rs. 1.00.000 and brought half the
amount in business,
4 Bought from Prashant goods of Rs. 16,000 at a trade
discount of 10%
5.Out of goods bought from Prashant, a of the goods
were sold to Premal at 10% profit on cost,
7.Premal returned goods of Rs. 1.100
being not
according to samples and we immediately returned
these goods to Prashant.
11. Premal settled his account by giving a crossed cheque
of Rs. 10.700.
12. Gave a chequc of Rs. 100 to Prashant for the amount
due to him alter deducting a discount.
26. Purchased shares of Pritam Textile Mills for Rs.
10.000 und paid the amount by a cheque including​

Answer 1

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