Question

Give Joumal entries for the following transactions in the books of Partap Rai &
(12 Marks)
Sans. :-
2019
April 2 Cash purchases
April 3 Sold goods to Vasudev
April 6 Returned defective goods by Vasudev
April 8 Received cash from Vasudev
and Discount allowed
April 9 Chanderkant sold goods to us
April 10 Pritam purchased goods from us
April 10 Paid insurance premium by cheque
April 12 Paid for Life Insurance Premium of Sh. Partop Rai by cheque
April 15 Paid Cash to Chanderkant
and Discount allowed by him
April 18 Bought goods from Pawan, list price 15.000 less 20% trade
discount
April 22 Paid to Pawan
April 26 Received Cash from Pritain
April 30 Paid wages 2,000. Advertisement Expenses 72,500 and
Salarics paid 39,000
April 30 Received Interest
April 30 Received Commission
48,000
10,000
1,000
8,800
200
20,000
12,000
500
2,000
13.780
220
8,000
6,000
500
2.000​

Answer 1

Answer:

1. purchase a/c dr

To cash a/c

2.vasudev a/c dr

To sale a/c

3.sales return a/c dr

To vasudev a/c

4. cash a/c dr

discount allowed dr

To vasudev a/c

10. bank a/c dr

To insurance premium

15. chanderkant dr

discount allowed dr

To cash

22. pawan a/c dr

To cash

26. cash a/c dr

To pritain

30. wages a/c dr

To cash

advertisement a/c dr

To cash

salary a/c dr

To cash

Answer 2

Explanation:

Return defective goods by vasudev 1,000