Question

pass journal entry
Purchased goods from Manohar lal of
the list price of 50000 for 46000.

Cash deposited in to bank.
Cash withdrawan from the bank.
Expenses paid by issue of cheque.
Cash sales of 340000 oug of this
amount 30000 deposited in Bank
(two entries will be passed one for
sales and other for deposit in bank).
Purchased a Machinery by giving
cheque of 52,00,000 & paid 525000 in
cash as wages on its installation.
(today explained you all, all expenses
on fixed assets upto installation is dr
to assets A/c.)
Returned goods to sudershan of the
value of 350.
Sold goods to kitty, list price 20000,
trade discount 10% & cash discount
5%. He paid amount on the same day
and availed the cash discount.
Goods of 5000 were given away as
charity
Goods of 20000 were distributed as
free samples.
Goods of 30000 were destroyed by
fire.
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Answer 1

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