Question

Journalise the following transactions in the books of Sri T.N. of Coimbatore :
1987
Oct 1
3
4
Commenced business with Rs. 50,000
Purchased goods for cash Rs. 10,000 at 5% trade discount
Paid carriage Rs. 50
Purchased machinery for Rs. 20,000
Sold goods to Madan on account for Rs. 15,000
8
10​

Answer 1

date particular L. F. Dr. Cr.

1987

oct-1 cash A/C Dr. 50000

To capital A/C 50000

oct-4 purchase A/C Dr. 9500

To supplier/ cash/ bank A/C 9500

oct-8 carriage A/C Dr. 50

To cash A/C 50

oct-10 machinery A/C Dr. 20000

To cash A/C 20000

oct-10 madan' A/C Dr. 15000

To sales A/C 15000

Answer 2

Answer:

21. Journalize the following transactions in the books of Sri T.N. of

Coimbatore:

2000

Oct. 1 Commenced business with Rs. 50,000

3 Purchased goods for cash Rs. 10,000

4 Paid carriage Rs. 50

8 Purchased machinery for Rs. 20,000

10 Sold goods to Madhan on account for Rs. 15,000