Pass journal entries for the following transactions in the journal of Himanshu
Chauhan.
2019
April
1 Himanshu Chauhan started business with cash 3150000 Furniture 10,000 and Goods 60,000.
4 Sold goods to Partap of the list price of 20.000 at trade discount of 10%.
6 Partap returned goods of list price of 2,000.
10 Received from Partap 16,000 in full settlement of his account. 15 Purchased furniture for 12,000.
15 Purchased goods from Sahdev of the list price of 50,000 at 12% Trade Discount.
18 Returned goods to Sahdev of the list price of 4,000.
20 Cleared the account of Sahdev by paying cash at a discount of 5%. 21 Sold goods to Aakriti 20,000 and Shikha 32,000. 24 Received cash from Aakriti 19,600 in full settlement of her account.
Paid insurance premium 1,500. 25 Paid 2,400 for insurance premium for proprietor.
26 Purchased goods for 16,000 for cash at a trade discount of 10% and cash discount of 2%.
27 Received full payment from Shikha at a discount of 5% in full settlement of his
account.
28 Paid for advertisement 2,000, salaries 8,000 and rent 1,600.
30 Received Commission 1,000.
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Answer:
30 Cash a/c. Dr. 1000
To Commision a/c. 1000
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