Question

Pass Journal entries for the following transactions:
2019


Jan. 5

Jan. 8

Jan. 11

Jan. 12
Jan 16

Jan. 20
Paid salary of₹ 10,000 to Nandan who provides 60% of his services to business and rest for domestic purpose of Proprietor.
Sold goods to Manik costing₹ 20,000 at 25% above cost less trade discount of 10% plus CGST and SGST @ 6% each and cash discount of 5%. Manik did not avail the cash discount.
Paid to Anish₹ 18,400 by bank draft to settle his account of₹ 18,000 (Rs 400 being interest for late payment). Bank charged₹ 220 as draft commission.
Placed on Fixed Deposit₹ 20,000 at bank by transferring from Current account.
Purchased machinery from M/s Orpat Industries for₹ 70,000 plus CGST and SGST @9% each. Paid₹ 50,000 in cash and balance to be paid after two months.
Paid cartage on furniture purchased₹ 800.
​

Answer 1

Answer:

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Explanation:

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