Question

7
2010
Journalise the following transactions in the books of Raj Deshpande :
April 1 Debit balances : Cash in hand 18,000, Cash at bank * 25,600, Stock of goods 2 20,000, Furniture 7 4,000
and Building 20,000, Sourav 2,700, Nitin 1,500, Ashwini * 2,000, Credit Balances : Sunny 5400, Sahil
and Co. 9,000 and Aishwaraya Rai 5,500, Mrs S's loan 20,000.
Apirl 3 Purchased goods worth * 10,000 less 20% trade discount and 5% cash discount.
April 7 Sold goods to Vinod on credit * 12,000.
apirl 11 Vinod became insolvent and could pay only 50 paise in a rupee.
Apirl 15. Bought 100 shares in Ambani Electronic Ltd. @ 10 per share and paid brokerrage 40
April 19 Paid to Babu Interest on loan 250.
apirl 24 Goods worth 800 given as charity.
April 27 Depreciate machinery @ 10% on 60,000
apirl 30 Amount due from Kumar previously written off as bad, now recovered 2,000.
apirl 30 Income tax paid by cheque 800.
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Answer 1

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