Question

7. Record the following transactions in the books of Agnel TJ;
2018
Rs
Dec. 1 Agnel TJ Commenced business with cash 2,50,000
Dec.3 Deposited into bank
1,00,000
Dec.4 Purchased machinery from Uday
50,000
Dec.6 Bought goods from Rajan
20,000
Dec. 8 Lent money to Vivek
80,000
Dec.11 Sold goods to Sneha
16,000
Dec.14 Paid Insurance Premium
6,000
Dec.16 Paid Life Insurance Premium Policy
3,500
Dec.20 Purchased goods from Karan, List price
Rs. 12,000, less 10% trade discount
Dec.22 Received from Sneha in full settlement, a 15,500
cheque of
Dec.24 Paid to Karan
10,500
Discount allowed by him
300
Dec.28 Withdrew from bank for personal use 4,000
Dec.31 Purchased computer
45,000
Dec.31
Paid rent
6,000
Dec.31 Paid salaries by cheque
3,500​

Answer 1

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