Question

Pass journal entries for the following transactions in the books of Mr. Never tired ltd.

for the year, 2020

1. Issued a cheque to Buddhiman for Rs. 12,000

2. Goods withdrawn by the proprietor for his personal use worth Rs. 15,000

3. Cash received from Swapna Rs. 9,800 in full settlement of her claim Rs. 10,000

4. Sale of investments for Rs. 15,000 and the amount was deposited into bank

immediately

5. Opened bank account in SBI with Rs. 15,000

6. Paid rent to landlord by cheque Rs. 9,00​

Answer 1

Answer:

Cash a/c Dr

To sales a/c

Discount Allowed

10,000

15,000