Question

journal entry solve
Journalise the following transactions in the books of Sankalp General Stores
2019
July
(1)
Started business with Cash 1,00,000, Stock of Goods worth 50,000,
and Computer 50,000.
(4) Purchased goods from Karina on credit * 10,000 at 5% trade discount.
(10) Sold goods to Priyanka 20,000 at 10% trade discount.
(13)Paid into State Bank of India 50,000.
(15)Goods worth * 2,000 lost by theft.
18)Paid for Rent 4,000.
(20) Received Cash of * 17,500 from Priyanka in full settlement of her account.
(25)Paid for Stationery purchased 8,000.
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Answer 1

Explanation:

journal entry solve

Journalise the following transactions in the books of Sankalp General Stores

2019

July

(1)

Started business with Cash 1,00,000, Stock of Goods worth 50,000,

and Computer 50,000.

(4) Purchased goods from Karina on credit * 10,000 at 5% trade discount.

(10) Sold goods to Priyanka 20,000 at 10% trade discount.

(13)Paid into State Bank of India 50,000.

(15)Goods worth * 2,000 lost by theft.

18)Paid for Rent 4,000.

(20) Received Cash of * 17,500 from Priyanka in full settlement of her account.

(25)Paid for Stationery purchased 8,000.

Answer 2

Answer:

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