Question

Pass necessary Journal entries for the following transactions:

2019

Mar 1 Cash in hand Rs25,000, Cash at Bank Rs 15,500,

Stock of goods Rs 25,000, Furniture RS 8,000, Nitin (Dr) RS 1,600,

Sunny (Dr) Rs 4,400, Loan from Mr Khurana Rs 30,000,

Shubham (Cr) Rs 3,70, Dinesh (Cr) Rs 4,800.

March 6 Purchased goods from Rajat for RS 75,000 less trade Discount

10% .

March 11 Sold goods to Mr Brown for Rs 45,000 at a profit of 10% trade

discount 5%.

March 15 Paid Rs 2,000 for wages , Rs 4,500 for salary.

March 17 Rajat returned goods of list price Rs6,000.

March 19 Paid school fees of son Rs 8,000.

March 22 Deposited cash into bank RS 12,000.

March 25 Withdrew from bank Rs 2,000 for personal use and Rs 5,000 for

office use.March 27 Paid Insurance Premium Rs 12,000.

March 31 Provide interest on Capital @10% p.a.​

Answer 1

Answer:

what is this .. I dint understand question

Answer 2

Answer:

March 6... purchase a/c...dr. 67500

to rajat a/c 67500

March 11 - brown a/c ...dr. 42750

to sales a/c. 42750