Question

6.
In the book of Panchal Stores, write journal entries, for the following transactions, draw
the necessary accounts, in the ledger and post them accordingly :
2016
April 1
2
32noo-15000
3
4.
5
7
Cash 40,000 and furniture of * 20,000 brought in business.
Goods of * 36,000 are sold to Dhaval stores at 10 % trade discount. For this, Dhaval
Stores has paid a cash 15,000.
Igloo
18,000 is deposited in a bank.
Goods of 20,000 are purchased at 12 % trade discount from Dhara Stores. For
this a cheque of 8000 is given.
160o-xooo
aboo
Withdrawn from the bank 5000 for office expenses and 4000 for the household
expenses.
Office expenses paid 2200.
Against the dues of 4830, paid * 4800 in cash for the final settlement to Jayeshbhai.
Due to the fire in godown, goods of 3200 is burnt by fire and insurance company
has accepted a claim of 2600 for the same.
Goods of * 6600 are purchased from Anil Traders and towards this, payment of
* 2600 is made in cash.
Paid * 4800 for shop rent and 6000 for house rent.
Paid * 4000 to Anil Traders by cheque.
8
9
10
12.
13​

Answer 1

Answer:

100 points for of 25 points