Question

Journalize the following transation in the books of Sunil. 2019 May 1 Started business with cash Rs. 30,000/-, Bank Rs. 40,000/- and Goods Worth Rs. 50,000/- 2 Purchased Laptop for Rs. 20,000/- @18% GST and amount paid by NEFT 4 Paid for Advertisement Rs. 10,000/- 6 Purchased goods for Cash Rs. 3000/- 8 Sold goods Rs. 4000 to Ram 11 Received Commission Rs. 4500/- 13 Purchased goods from Meena on Credit Rs. 80,000/- at 10% Trade Discount. 15 Paid for Rent Rs. 5000/- and Salary Rs. 7000/- 16 Sold goods to Mahesh WorthRs. 90,000/- at 10%T. D. and received Cash after allowing him 5% Cash discount. 18 Goods taken by Sunil for his personal use Rs. 1000/-​

Answer 1

Answer:

Journalize the following transation in the books of Sunil. 2019 May 1 Started business with cash Rs. 30,000/-, Bank Rs. 40,000/- and Goods Worth Rs. 50,000/- 2 Purchased Laptop for Rs. 20,000/- @18% GST and amount paid by NEFT 4 Paid for Advertisement Rs. 10,000/- 6 Purchased goods for Cash Rs. 3000/- 8 Sold goods Rs. 4000 to Ram 11 Received Commission Rs. 4500/- 13 Purchased goods from Meena on Credit Rs. 80,000/- at 10% Trade Discount. 15 Paid for Rent Rs. 5000/- and Salary Rs. 7000/- 16 Sold goods to Mahesh WorthRs. 90,000/- at 10%T. D. and received Cash after allowing him 5% Cash discount. 18 Goods taken by Sunil for his personal use Rs. 1000/-