Question

Journalise the given transactions​

Answer 1

(a)

Purchases A/c ... Dr - Rs 50,000

Carriage Expenses A/c ... Dr - Rs 1,000

• To Cash A/c - Rs 51,000

(Being purchased goods for cash, paid carriage expenses.)

(b)

Sushma ... Dr - Rs 10,000

• To Cash A/c - Rs 9,650
• To Discount Received A/c - Rs 350

(Being paid to Sushma in full settlement, discount received.)

(c)

Machinery A/c ... Dr - Rs 3,25,000

• To Cash A/c - Rs 3,25,000

(Being purchased machinery for cash and paid for the instàllation of machinery in cash.)

(d)

Building A/c ... Dr - Rs 25,00,000

• To Bank A/c - Rs 25,00,000

(Being purchased building material for the construction and paid by cheque.)

(e)

Machinery A/c ... Dr - Rs 1,25,000

• To Cash A/c - Rs 1,25,000

(Being purchased machinery and spent cash for carriage and immediate repairs of it.)

(f)

Repair A/c ... Dr - Rs 2,500

• To Cash A/c - Rs 2,500

(Being paid cash for repairing office furniture.)