Question

Journalise the following plz n fast​

Answer 1

Answer:

In the books of Satyam

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Journal

1. Sundry income a/c Dr. 125

To cash a\c. 125

( being old newspaper sold)

Cash a\c. Dr. 1000

To furniture a\c. 1000

(being old furniture sold)

2.Drawings a\c. Dr. 1500

To cash a\c. 1500

(being life insurance premium paid)

3.Drawings a\c. Dr. 1000

To cash a\c. 1000

(being table fan bought for domestic use)

4. Cash a\c. Dr. 10800

To sales a\c. 10000

To output cgst a\c. 400

To output cgst a\c. 400

(being cash sales @ 8% gst)

5. Purchase a\c. Dr. 6000

To bank a\c. 6000

(being goods purchase and paid by cheque)

6. Cash a\c. Dr. 2500

To sales a\c. 2000

To profit on sales a\c. 500

(being goods sold @ 25% profit on cost)

Total: 22925

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