Question

Journal
( 11 (1) Enter the following transactions in the Two
Mr. Mohan
2,200
50,000
1,000
72018
Jan. 1 Cash in Hand
Cash at Bank
goods for $75,000; Trade Discou3 Purchasednt 20%; CGST 6%, SGST
6%; Payment made by Cheque
4 Sold goods for 240,000; Trade Discount 15%; IGST 12%; Payment
received by Cheque
5 Received a cheque from Naresh
8 Cheque received from Naresh endorsed to Suresh in full settlement of
his account of 1,050
10 Paid Life Insurance premium of Mr. Mohan
13 Received a cheque from Pawan in full settlement of his account of 750.
16 Pawan's cheque returned dishonoured by bank
20 Deposited into Bank, balance of Cash in excess of 250
100
700
Ans. Cash Balance *250; Bank Balance 22,730.]
: (1) Receipt and endorsement of Cheque will be recorded through​

Answer 1

Answer:

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Explanation:

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