Question

Journalise the following transactions in the books of Sania :
2017
April 1 Sania started business with cash ` 50,000, furniture ` 40,000 and machinery ` 1,10,000.
April 2. Purchased goods for cash ` 9,000 and on credit from Bhupathi ` 6,000.
April 3. Received commission ` 12,000, interest ` 7,000 and bad debts recovered ` 6,000.
April 4. Paid ` 9,700 to Ashok in full settlement of his account of ` 10,000.
April 5. Received ` 3,800 from Bobby Jindal and allowed him discount ` 200.
April 6. Rent paid ` 4,000; salary paid ` 7,000 and travelling expenses paid ` 2,000.​

Answer 1

Answer:

Journalise the following transactions in the books of Sania :

2017

April 1 Sania started business with cash ` 50,000, furniture ` 40,000 and machinery ` 1,10,000.

April 2. Purchased goods for cash ` 9,000 and on credit from Bhupathi ` 6,000.

April 3. Received commission ` 12,000, interest ` 7,000 and bad debts recovered ` 6,000.

April 4. Paid ` 9,700 to Ashok in full settlement of his account of ` 10,000.

April 5. Received ` 3,800 from Bobby Jindal and allowed him discount ` 200.

April 6. Rent paid ` 4,000; salary paid ` 7,000 and travelling expenses paid ` 2,000.

Answer 2

Explanation:

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