6. Write journal entries for the
following transactions
Issued share capital @ 500/- being
100/- is the face value per share,
50.000 shares
Purchased raw materials @ 1500/-
per tonne, 10000 tonnes during the
year
Sold goods (for cash 60% ) worth
15 Crores.
Paid wages 2 Crores
Administrative expenses paid 50
Lakhs
Discount (Dr.) 5 lakhs and (Cr.) 1
lakh
Dividends paid 2 Crores
Money borrowed from Punjab
National Bank Ltd. @ 10% p.a. 5
Crores
Repaid SBI loan of 25 Lakhs
Received cash from debtors 10
Crores
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