Question

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Q. 18. Journalise the following transactions of Raj Kumar Traders, timber
merchants :-
1. Purchased timber from Kuldeep Kumar, for cash 52,000 and credit 310,000.​

Answer 1

Answer:

Journalise the following transactions of Raj Kumar, a timber merchant:-

a. Purchased timber from Kuldeep Kumar, for cash Rs.2000 and credit Rs.10,000.

b. Paid to Kuldeep Kumar in full settlement of his account Rs.9950.

c. Paid rent in advance Rs.480.

d. Purchased machinery for cash Rs.1,00,000 by cheque and carriage Rs.2000 and installation charges

Rs.1000 paid in cash.

e. Purchased goods for Rs.50,000 from Govind and sold it to Manohar for Rs.65,000.

Answer 2

Journalise the following transactions of Raj Kumar, a timber merchant:-

a. Purchased timber from Kuldeep Kumar, for cash Rs.2000 and credit Rs.10,000.

b. Paid to Kuldeep Kumar in full settlement of his account Rs.9950.

c. Paid rent in advance Rs.480.

d. Purchased machinery for cash Rs.1,00,000 by cheque and carriage Rs.2000 and installation charges

Rs.1000 paid in cash.

e. Purchased goods for Rs.50,000 from Govind and sold it to Manohar for Rs.65,000.