Question

IUC Iess 10% TN
Q.8 Journalise the following transactions and Prepare ledger accounts in the books of
Sanjeev.
2
2
2
2
2019
une 1 Cash Received from Raju 10,000 for commission.
3 Intra-state sale to Rakesh 3,000 and SGST @2.5% and CGST @2.5% applicable..
5 Received full amount from Rakesh.
8
Intra-state purchases from Mangesh 2,000 and SGST @2.5% and CGST @2.5
applicable.
11 Paid the necessary amount to Mangesh.
18 Paid Rent 2,500
24 Paid mobile bill * 1,000 out of which 700 for office use and for 300 for persona
use.​

Answer 1

Name the Sulthan who introduced the token currency scheme. Why did it fail?

What effect did it have on the economy?