Question

Jan 1
Jan 2
Jan 5
Jan 10
Jan 14
(v) Pass Book shows a credit of Rs.330 as interest and a debit of Rs.60 as bank charg
1. Give journal entries in the books of Mr.Naresh:
2008
Started business with Rs.10000
purchased goods from Gautam of Rs.1000 at 10% trade discount.
Naresh sold goods of Rs.5000 @5% trade discount and 10% cash discount
Naresh returned goods of Rs.200
gave away as charity goods of Rs.500 and cash Rs.520.​

Answer 1

Answer:

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Answer 2

Answer:

Jan 1

Jan 2

Jan 5

Jan 10

Jan 14

(v) Pass Book shows a credit of Rs.330 as interest and a debit of Rs.60 as bank charg

1. Give journal entries in the books of Mr.Naresh:

2008

Started business with Rs.10000

purchased goods from Gautam of Rs.1000 at 10% trade discount.

Naresh sold goods of Rs.5000 @5% trade discount and 10% cash discount

Naresh returned goods of Rs.200

gave away as charity goods of Rs.500 and cash Rs.520.