Question

BOOKS OF ORIGINAL ENTRY – JOURNAL
9.55
Q. 8. Record the following transactions in the Journal of Shyam Sunder :-
2012
April 1 Shyam Sunder started business with Cash 75,000; Goods 30,000 and Furniture
5,000.
2 Sold goods to Bhushan of the list price of 10,000 at trade discount of 10%.
5 Bhushan returned goods worth 1,000.
10 Received from Bhushan 8,000 in full settlement of his account.
12 Purchased Furniture for 6,000.
Purchased goods from Navin for 25,000 less trade discount 12%.
15 Returned goods to Navin goods of the list price of 2,000.
16 Cleared the account of Navin by paying cash, under a discount of 5%.
17 Sold goods to Ajay 10,000 and Vijay 16,000.
20 Received cash from Ajay 9,800 in full settlement of his account.
Paid insurance premium 750.
22 Paid for Shyam Sunder's Life Insurance Premium 1,200.
24 Purchased goods for 8,000 for cash at a trade discount of 10% and cash discount of
2%.
25 Received cash from Vijay at a cash discount of 5% in full settlement of his account.
30 Paid Rent 800; Advertisement 1,000; and Salaries 4,000.
30 Received Commission *500.
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A
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Answer 1

Answer:

cash dr

stock dr

furniture dr

capital a/c