Question

Page No.
Pass
journal entries for following transaction
the books of Vijay Stores
in
2020
May

1. Mr. Vijay started business by bringing in
cash 25000,debtors Rs. 20,000, furniture
Rs. 10,000 and creditors Rs. 5,000.
4. Opened a bank account by depositing Rs.20000.
5. Paid Rs 501 to Pujari for performing Puja at shop.
8.Goods of Rs 12,000 purchased from Amar at 10%
trade discount and 5% cash discount if
Payment is made within 3 days.
10. Paid Amar the amount by cheque.
16. As more funds were required in business, a
loan of Do. 50,000 was borowed from SBI.
21. Goods of Rs. 20,000 was sold to suman at
10% Trade discount and 10% Cash discount
Suman paid entire amount by cheque
22. goods of R. 2.000 were destroyed by fire
The insurance company approved claim for
half camount.
31. Hr. Vijay withdrew goods of Rs. 1,000 for
personal use. ​

Answer 1

Answer:

Page No.

Pass

journal entries for following transaction

the books of Vijay Stores

in

2020

May

1. Mr. Vijay started business by bringing in

cash 25000,debtors Rs. 20,000, furniture

Rs. 10,000 and creditors Rs. 5,000.

4. Opened a bank account by depositing Rs.20000.

5. Paid Rs 501 to Pujari for performing Puja at shop.

8.Goods of Rs 12,000 purchased from Amar at 10%

trade discount and 5% cash discount if

Payment is made within 3 days.

10. Paid Amar the amount by cheque.

16. As more funds were required in business, a

loan of Do. 50,000 was borowed from SBI.

21. Goods of Rs. 20,000 was sold to suman at

10% Trade discount and 10% Cash discount

Suman paid entire amount by cheque

22. goods of R. 2.000 were destroyed by fire

The insurance company approved claim for

half camount.

31. Hr. Vijay withdrew goods of Rs. 1,000 for

personal use. yyyyyttt