Journalise the transactions!
Answers
Answer: a)
cash a/c. Dr. 1 lakh
Stock a/c Dr. 50k
Furniture a/c. Dr. 30k
To capital a/c. 1,60,000
To amit. 20k
(Being business commenced with cash, goods and furniture and 20k took as loan from amit)
B)purchase a/c. Dr. 29700
To sunita 19,800
To Cash a/c 9405
To discount a/c. 495
(Being goods purchased for cash and credit at 10%t,d and 5% c.d from Sunita 1/3 paid in cash)
C). Raj. Dr. 17820
To sales a/c. 17820
(Being goods sold to raj at 20% profit)
D)laptop a/c. Dr. 22k
Input CGST a/c dr. 1800
Input SGST a/c. Dr. 1800
To yash electronics. 23600
To cash a/c. 2k
( being laptop purchased from Yash electronics at 18% GST and 2k paid for its installation.)
Explanation: