Question

52. Journalise the following transactions in the books of Neeraj :
2018
April 1 Neeraj borrowed from his friend Kapil Manchanda * 50,000 and introduced it in the business.
April 2 Purchased goods on credit for 5,000 and also 8,000 on payment of 3,000 in cash and balance by cheque
and discount received @ 6% against cheque payment.
April 6 Salaries paid by cheque 28,750.
April 7
Received interest on investment 1,000 by cheque and deposited into bank.
April 8
Paid office rent 1,500 for 3 months in advance including current month.
April 12 Paid rent by cheque 1,500. Paid salary for month by cheque 3,000
April 18 Sold goods, whose list price is 5,000, to Rakesh @ 6% trade discount and 1% cash discount, he paid 60%
price in cash.
April 19 Paid wages and carriage 3,000 and 1,000 respectively.
April 26 Withdrew cash for domestic use 2,000.
April 30 Debts previously written off as bad, now recovered 1,600.​

Answer 1

Answer:

neeraj account

to kabil account

purchases account

to paid account

to cash account

to discount account 8 %

salery account

to cash account

Explanation:

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