Question

: A. Journalise the following transaction in the books of Sankalp general stores 2020 8 marks
July 1 Started business with cash rs.100000,stock of goods worth rs.50000,and computer rs.50000
July 4 Purchased goods from kareena on credit rs.10000 at 5% discount
July 10 Sold goods to Priyanka rs.20000 at 10% discount
July 13 Paid in to state bank of india rs.50000 July 15 Goods worth rs.2000 lost by theft
July 18 Paid for rent rs.4000
July 20 Received cash of rs.17500 from Priyanka in full settlement of her account
July 25 Paid for stationery purchased rs.8000 B. Classify the following: 7 marks
1. Drawing A/c 2.Radhikas A/c 3.Royalty A/c
4.Copyright A/c 5. Discount A/c 6.Raj & co. A/c
7.Computer A/c

Answer 1

Answer:

1 discount 2 royalty 3 Raj& co