Question

Journalise the following transactions in the books of Shridevi Medical Store
August 2019
1 Shridevi started business with own Cash Rs 90,000 , Stock of goods worth Rs 40,000 Machinery
worth Rs 70,000 and borrowed money Rs 50,000 from her friend Konika at 12% p.a.
4 Bought goods worth Rs 50,000 from Madhuri @ 10% trade discount .
6 Returned goods worth Rs 450 to Madhuri for not being as per sample
8 Sold goods worth Rs 80,000 to Kiran @ 10% trade discount and received cash after allowing her 5%
cash discount.
13 Paid for Rent Rs 4,000.
17 Purchased a new Machinery worth Rs 1,00,000 from Bajaj Ltd. at 28% GST and amount paid by
debit card.
20 Paid for Salary Rs 27,000.
27 Purchased 4 Computers of Rs 1,20,000 @18% GST and amount paid by Debit Card.
31 Withdrew from Bank Rs 10,000 for personal use

Answer 1

Ganesh returned goods of Rs.950