Question

pass the necessary journal entries for the following transaction: -
1. deposited in bank for opening a current account...₹10000.
2. withdrawn from bank ₹5000.
3. recieved a cheque from ramesh to whom goods were sold for ₹12,000 last year.
4. ramesh cheque deposited in bank.
5. ramesh cheque dishonoured (bank charges ₹20).
6. ramesh settled his account by issuing cheque including ₹60 for interest.......₹12080.
7. cash directly deposited by raja(costumer) in bank account....₹8000.
8. bank draft got issued in favour of Mr/s lal and sons.....₹5000 and bank charges.....700.
9. bank charges debited by bank.....400.
10. goods sold for cash ₹7000 and half of the sales proceeds deposited in bank. ​

Answer 1

Answer:

1.Bank dr. 10k

To cash 10k

2 cash dr. 5k

To bank 5k

3.bank dr. 12k

To ramesh 12k

4.bank dr.

To cheque

5.bank charges dr. 20

To bank 20

6.bank ac dr.

To ramesh

7.cash dr.

To bank

9.bank charges dr.

To bank

10.cash dr.

To sales