Journaliso the following transaction in the books of Sethi and Brothers for the month of April, 2012 (15) Balance on 16 April 2012 Cash at Bank 2,00,000: Cash in hand
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Answer:
cash is 2 00 0so you dont now
answer
Answer:
Journalise the following transaction in the books of Sethi and Brothers for the month
of April, 2012. (15)
Balance on 1st April, 2012:
Cash at Bank ` 2,00,000; Cash in hand ` 2,500; Computer and Printer ` 90,000; Land and
Building ` 1,80,000; Sundry Debtors ` 15,000; Bills Receivable ` 10,000; Sundry Creditors
` 14,000; Bills Payable ` 5,000.
Transactions during the month of April were as follows:
2012 April:
1. Purchased goods from Meeta worth ` 40,000 at 10% trade discount and paid ¼
amount in cash and ¼ amount by cheque, for which 5% cash discount is allowed.
4. Purchased shares of Reliance Company ` 12,000 and 200 paid as brokerage.
7. Sold goods to Sunil worth ` 60,000 at 10% Trade Discount and 5% Cash Discount;
received ⅓ amount in cash and ⅓ amount by cheque and 5% cash discount is
allowed.
11. Paid Telephone bill of proprietor’s house ` 700.
14. Paid house rent ` 1,500.
20. Received goods as free samples ` 2,000.
23. Purchased furniture ` 30,000.
23. Paid carriage ` 300 on the above furniture.
25. Goods worth ` 6,000 were destroyed by fire and Insurance company admitted a claim
to the extent of ` 4,000.
27. Paid income tax ` 6,000.
28. Paid for printing and stationery ` 2,000.
29. Transferred ` 20,000 from private bank of proprietor to business Bank of Maharashtra A/c.
30. Salaries paid ` 5,000 in cash and ` 10,000 by cheque.