Question

Journalise the following transactions in the books of Anil for the month of October and post them into the ledger 1. Oct 1 - Purchased Machinery for ₹ 50,000 by cheque and installation charges of machinery ₹ 2,500 paid in cash. 2. Oct 4 - Gave as charity cash - ₹ 2,000 and goods worth ₹ 4,000. 3. Oct 5 - Sold goods to Harsh for ₹ 50,000 at trade discount of 20% and 5% cash discount. Harsh paid 40% immediately through a banker's cheque​

Answer 1

Answer:

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