Question

Bought goods from Ahmed rs. 5000 in journal entry

Answer 1

Explanation:

Question:

Create journal entries for the following transactions (Rs. = Rupees = Indian currency):

1. Harish started business with cash Rs. 10000

2. Bought goods from Manohar Rs. 5000

3. Purchase fittings for cash Rs. 800

4. Sold goods to Charanjeet Rs. 1600

5. Paid Manohar Rs. 3000

6. Sold goods Vadva Ram Rs. 2000

7. Received from Charanjeet Rs. 1540 and allowed him discount Rs. 60

8. Paid wages Rs. 80

9. Bought goods for cash Rs. 600

10. Sold goods to Ramesh Rs. 3400

11. Purchase goods from Purchotam Ra. 2600

12. Paid Manohar in settlement Rs. 1900 and discount allowed by him Rs. 100

13. Paid carriage from goods and sold Rs. 40

14. Paid wages Rs. 80

15. Bought goods Manohar Rs. 3000