Jouranalise the following transactions in the Books of Vishal Bros.
June1 Started the business with
cash 1,00,000
June5 Purchase the goods from
Ram of the list price 50,000 trade discount and 5% cash discount being 50% payment immediately made in cash
June10 Shyam a debtor by 10,000 become insolvent and .40 paise in a rupee is received from his estate
June 15 Provide interest Rs. 500 on capital
June 20 Cheque recieved from a customer 50,000 but deposited into bank on next day
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