Question

Journalise the following transactions of in the books of Vishal Electronics
2018
April 1 Vishal commenced business with Cash 90,000, Furniture 60,000 and Building 1,00,000
4 Purchased Motor Car from Honda Company by Cheque 55,000 at 18% GST.
5
Insurance of the above Car 3,000 to United India Insurance Company.
10 Deposited into State Bank of India 40,000.
12 Paid for Salary 10,000 and Rent 3,000.
15 Bought goods from Rajesh80,000 and paid him / amount in cash immediately.
18 Cash sales * 60,000 @ 5% GST.
20 Received Rent 1,000 and Commission 4,000.
25 Paid for Telephone Charges 1,500.
27 Invoiced goods to Katrina for cash 75,000 at 5% GST.
29 Sunita brought goods from us 45,000 @ 5% GST.
30 Paid for Printing 17,000 by Debit Card of SBI.
Journalise the following transactions in the books of Kunal Stores:
P.
2018
1 Purchased goods of 90,000 at 10% Trade Discount and 10% Cash Discount from Rakesh and​

Answer 1

Answer:

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