Question

Journalize the following entries in the books of Mr. Rohan:
Sl. No.

Particulars
1
Rohan bought goods from Anand ₹1,000
2
Anand bought goods from Rohan for cash ₹1,500
3
Anand received cash from Rohan ₹780 and allowed him a discount of ₹20
4
Rohan made cash sales to Anand for ₹700
5
Anand supplied goods worth ₹300 for Rohan's domestic use
6
Anand charged Rohan commission of ₹50
7
Anand received a cheque for ₹1,000 from Rohan in full settlement of ₹1,050
8
Rohan advanced a loan of ₹2,000 to Anand
9


Rohan received ₹500 from Anand.

Answer 1

Answer:

1. Purchase A/C Dr. 1000

To Anand 1000

2. Cash AC Dr. 1500

To sales AC

3. Anand Dr. 800

To Cash 780

To Discount Received 20

4. Cash AC Dr. 700

To Sales 700

5. Drawings AC Dr. 300

To Anand 300

6. Commission Paid AC Dr. 150

To cash AC 150

7. Anand Dr. 1050

To Cash AC 1000

To Discount Received 50

8. Loan AC Dr. 2000

To Cash 2000

9. Cash AC Dr. 500

To Anand 500

Answer 2

Answer:

Bought goods from rohan ₹1000 & paid, half of the amount