Question

pala
23. Journalise the following transactions in the books of Badri Nath.
2020
Feb. 1 Goods purchased for 20,000. Freight paid 500.
Feb. 2 Machinery purchased for 30,000. Installation charges paid * 900.
Feb. 3 Goods purchased for 25,000 from Prince. Cartage paid 300.
Feb. 4 Goods costing 8,000 sold for 9,500 against cheque.
Feb. 5 Furniture costing 9,000 sold for 11,000, payment received by demand draft
Feb. 6 Goods costing 12,000 sold for 15,000. Selling expenses incurred 500.
Feb. 7 Printer costing 12,000 sold for 15,000. Selling expenses amounted 600.
Feb. 8 An office almirah costing 15,000 sold for 13,000. Selling expenses incurred 500.​

Answer 1

Answer:

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Answer 2

Explanation:

2021

feb 1 purchase a/c Dr. 20000

Fright a/c Dr. 500

To Cash a/c 20500

(Being Goods bought for cash and fright paid)

feb 2 Machinery a/c Dr. 30900

To cash a/c 30900

( Being machinery purchased and installatiing charges paid on it)

feb 3 purchase a/c Dr. 25000

carriage a/c Dr. 300

To prince a/c 25000

To cash a/c 300

(Being paid carriage in cash)

feb 4 Bank a/c Dr. 9500

To sale a/c 9500

(Being goods sold against cheque)

feb 5 Bank a/c Dr. 11000

To furniture a/c 9000

To profit on sale furniture a/c 20000

(

feb 7 Cash a/c Dr. 14400

To office equipment a/c 12200

To profit on sale of office equipment a/c 2400

(Being printer sold at profit after deducting selling expenses)

feb 6 cash a/c Dr. 15000

selling expenses a/c Dr. 500

To sale a/c 15000

To cash a/c 500

(being selling expenses paid in cash)

feb 8 cash a/c Dr. 12500

Loss on sale fixture a/c Dr. 2500

To fixture a/c 15000

(being office almirah sold in cash at liss and selling expenses incurred)