Journalise the following transactions and prepare Cash A/c only.
2019
July 1 Hardik started business with Cash ` 15,000 and Machinery ` 20,000
4 Purchased goods for ` 9,000 less 10% Cash Discount.
9 Sold goods to Amar ` 3,000
12 Distributed goods worth ` 700 as free samples.
14 Bought Stationery for ` 550 for office use.
18 Received ` 950 from Dhanashree, a customer, whose account was earlier written off
as a bad debts.
21 Abhiram invoiced us goods worth ` 3,000.
24 Settled Abhiram’s account, he allowed 5% cash discount.
27 Exchanged goods worth 2,500 against Furniture of the same amount.
29 Withdrawn cash from ATM ` 5,000 for office use and ` 3,000 for personal use
Answers
Explanation:
12 Distributed goods worth ` 700 as free samples.
14 Bought Stationery for ` 550 for office use.
18 Received ` 950 from Dhanashree, a customer, whose account was earlier written off
as a bad debts.
21 Abhiram invoiced us goods worth ` 3,000.
24 Settled Abhiram’s account, he allowed 5% cash discount.
27 Exchanged goods worth 2,500 against Furniture of the same amount.
29 Withdrawn cash from ATM ` 5,000 for office use and ` 3,000 for personal use
12 Distributed goods worth ` 700 as free samples.
14 Bought Stationery for ` 550 for office use.
18 Received ` 950 from Dhanashree, a customer, whose account was earlier written off
as a bad debts.
21 Abhiram invoiced us goods worth ` 3,000.
24 Settled Abhiram’s account, he allowed 5% cash discount.
27 Exchanged goods worth 2,500 against Furniture of the same amount.
29 Withdrawn cash from ATM ` 5,000 for office use and ` 3,000 for personal use