Question

Journalise the following transactions:
2019
Jan. 1
Started business with cash 60,000/- and Goods 40,000/-
4.Purchased goods for cash 10,000/- at 10% Trade Discount and 5% Cash Discount with 12% GST
8. Sold goods for cash 15,000/- at 2% Cash Discount with 18% GST.
10 .Received interest 4,500/- and Commission 2,000.
18 .Paid rent 2,500/- and Electric bill * 1,500/-
22 .Purchased goods from Mr. Sohan for 28,000/- and from Mohan 14,000/-
25 .Paid 13,000/- to Mr. Sohan in full settlement of 13,200/-
26 .Goods costing 2,000/- and Cash 4,000/- withdrawn for personal use.
28 .Bought Furniture from Varsha for 45,000/- with 28% GST and paid % amount in cash and ba
payable.
31 .Received cash 4,000/- and Furniture worth 40,000/- in exchange of goods worth 44,000/-​

Answer 1

Answer:

started 60000/-and goods 40000/-

purchased goods for cash 10000/- at 10%trade