Question

Pankaj Jain Rau started business on 1st January 2017 with cash 15,000 and Goods worth 5,000. His transactions of the month are as follows- 2017:-
Jan. 1 Bought goods from Prem
Jan. 7 Sold goods to Karan 600
Jan. 10 Received Cash from Karan
Jan. 12 Sold goods 200 Jan. 16 Goods returned to Prem 100
Jan. 20 Paid for repairs charges
jan. 25 Machinery purchased from Shyam 1,000
Jan. 28 Paid for advertisement expenses 230
Jan.31 Commission received from Vijay 150

Journalise the above transactions,
[ Ans. Total of Journal + 25,600 )​

Answer 1

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Answer 2

Answer:

Pankaj Jain Rau started business on 1st January 2017 with cash 15,000 and Goods worth 5,000. His transactions of the month are as follows-

4.

2017

き

Jan.

1 Bought goods from Prem

2,500

Jan.

7 Sold goods to Karan

800

Jan. 10 Received Cash from Karan

600

Jan. 12 Sold goods

200

Jan. 16 Goods returned to Prem

100

Jan. 20 Paid for repairs charges

20

Jan. 25 Machinery purchased from Shyam

1,000

Jan. 28 Paid for advertisement expenses

230

Jan.

31 Commission received from Vijay

150

Journalise the above transactions.

[Ans. Total of Journal 25,600]