Question

pass journal entries for following
1) raghu started business with cash Rs.80,000 goods Rs40,000 and furniture Rs.20,000
2)sold goods to shyam of the lisy price Rs.20,000 at trade discount of 10%
3)paid rent Rs.800 trade expense Rs.400 and travelling expense Rs.,500
4) paid into bank foropening a current accountRs. 25,000
5) bought goods from kamal for Rs.20,000 at a trade discount of 10% and cash discount of 2% paid 60%amount immediately.
6)received from shyam full amount at 5% discount .
7) salary due to clerk Rs10,000.
8) charge interest on drawing Rs.800
9)received Rs.4000 from suhas which were written off as bad debt I. previous year
10) total rent paid this yearRs 40,000 @Rs.3,000 per month
11)loan taken for car for office use Rs.1,00,000
12) paid installation charges on machinery Rs.1,000
13) goods purchased Rs.30,000 carriage paid on them Rs.3,000
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Answer 1

Answer:

IN the book of raghu J. E

Explanation:

1.cash a\c Dr. 1,40,000

To raghu cap. a\c. 1,40,000

(start business with cash)

2.shyama\c Dr. 2000

To sales a\c. 2000

3.rent &expense a\c Dr. 1700

to cash a\c. 1700

4.bank a\c Dr. 25000

to cash a\c. 25000

5.kamal a\c Dr. 1188

to purchase return alc 1188

6.cash alc Dr 1000

to shyam alc 1000

7.salary alc Dr 10000

to cash a\c 10000

8.cash a\c Dr 800

to withdraw a\c 800

9. bad Dr a\c 4000

to sugar a\c 4000

10. rent a\c Dr 3000

to cash a\c 3000