Question

8. Journalise the following transactions in the books of Dhoni Auto Car Centre
2018
Nov 1 Sold 1,000 shares for 100 each and paid brokerage @ 1% and amount credited to our
account.
4 Purchased goods from Ashish & Co. of 2,00,000.
6 Sold goods to Virat & Co. 1,50,000.
8 Paid for Advertisement 30,000 to Times of India.
10 Paid for Printing and Stationery 7,000.
12 Purchased goods from Prakash & Co. 1,50,000 @18% GST.
15 Paid for Transport charges 10,000 @12% GST.
20 Purchased goods from Vikram & Sons 1,20,000 @ 18% GST and paid half the amount
immediately
25 Paid to Prakash & Co. less 10% discount.
30 Invoiced Goods to Sanjay 60,000.
31 Sanjay returned goods of # 10,000.
31 Sanjay became insolvent and recovered only 50 paise in a rupee as final settlement from
him.​

Answer 1

Answer:

Do check the total I was running short of time so I have not calculated total

.........

Hope this would help you

Explanation:

Answer 2

Answer:1

bank account

To investment account

2

Purchase account

To Ashish account

3

Virat account

To sales account

4

Advertisement account

To cash account

5

Printing and stationary account

To Cash account

6

Purchase account

Input cgst account

Input sgst account

To cash account

7

Transport charges account

Input cgst account

Input sgst account

To cash account

8

Purchase account

Input cgst account

Input sgst account

To Cash account

To Vikram and son's account

9

Prakash and co.account

To Cash account

To discount received

10

Sanjay account

To sales account

11

Sales return account

To Sanjay account

12

Cash account

Bad debts account

To Sanjay account

Explanation: