Question

5. Journalise the following transactions in the books of Kunal Stores.
2018
August 1
Purchased goods of 90,000 at 10% Trade Discount and 10% Cash Discount from
Rakesh and 1/3rd amount paid by cheque.
5
Opened current account in State Bank of India by depositing 60,000.
8
Cash purchases 85,000.
10
Goods sold on credit to Tushar 20,000 @ 10% Trade Discount.
12
Paid Salary 4,000.
16
Tushar returned goods of 250.
17
Goods taken by Kunal for his private use * 2,000.
20
Purchased Laptop of * 40,000 from Joshi Electronics @18% GST and paid by cheque.

22
Rent paid by cheque 15,000.
25
Purchased Motor car worth * 2,00,000 for cash @ 18% GST and paid by Bank
26
Goods distributed as free sample * 4,000.
28
Purchased goods from Amit of 60,000 on credit.
30
Paid by ECS cash to Amit 58,500, who allowed us discount 1,500.
Sold goods 5,000 at a loss of 1,000
31
Sold goods for 20,000.
85​

Answer 1

Answer:

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