Question

Journalise the following transactions in the books of Shyam& Co.(12marks)Jan 1 Started business with cash ₹ 60,000 and goods ₹ 30,000 3. Paid into current account ₹ 24,000. 5. Sold goods to Mohan ₹12,000 (CGST & SGST @ 6% each). 9. Goods returned by Mohan ₹ 1,20012. Goods purchased from Shyam ₹18,000 (CGST & SGST @ 6% each). 15. Goods returned to Shyam ₹ 90017. Purchased goods from Anwar ₹6,000. He allowed 10% trade discount. 18. Mohan became insolvent and paid us 30 p in a rupee as first and final dividend. 20. Paid Anwar ₹5,200 in full and final settlement.30. Paid Rent ₹ 2,000. (CGST & SGST @ 4% each).​

Answer 1

Answer:

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