Question

Pass the necessary Journal entries for the following transactions: 2020 April 1 Deposited in bank for opening a Current Account April 2 Withdrawn from bank ............ April 5 Received a cheque from Ramesh to whom goods were sold for? 12,000 last year Allowed him 1% discount on payment April 7 Ramesh's cheque deposited in bank April 9 Ramesh's cheque dishonoured (bank charges 20) April 20 Ramesh settled his account by issuing cheque including 60 for interest April 21 Cash directly deposited by Raja (Customer) in bank account April 23 Bank draft got issued in favour of M/s Lal & Sons 5,000. Bank charges 700 April 28 A bill of exchange of 4,000 (due after one month) discounted from bank for 3,800 April 30 | Bank charges debited by bank... April 30 Goods sold for cash 7,000 and half of the sale proceeds deposited in bank 12,080​​

Answer 1

Answer:

For Preparing Journal Entries I need 2 days