Question

[Ans. Total of Journal * 1,32,000]
2. Pass the necessary Journal entries in the books of Iron Merchant Jaishree Gupta
from the following transactions :
(1) Purchased business for 90,000.
(2) Purchased Machinery for * 15,000 from Mohan Brothers of Kolkata, on
which they paid 150 freight on our behalf
(3) The erection charges of machinery amounted to 450.
(4) A cashier has stolen * 700 and absconded.
(5) Goods worth * 50 were distributed as free sample.
[Ans. Total of Journal * 1,06.350]
n
n ntrion from the following​

Answer 1

Cash  A/c .......Dr                                90000

To Capital  A/c                                                          90000

machinery a/c .......Dr                         15000

to mohan brothers A/c                                          15000

machinery a?c .......DR                     450

to cash                                                                      450

profir and loss A/c                        700

to cash                                                                       700

goods distributed as sample    50

to purchase                                                              50