Question

Prepare Machinery Account, Provision for Depreciation Account and Machinery
Disposal Account for the year ended 31st March, 2020.
21. Journalise the following transactions in the books of M/s Vinod :
2019
Jan. 1
Purchased goods from Karan for * 4,00,000 at a trade discount of 10%
plus CGST and 8GST @ 9% each.
Jan. 5
Sold goods to Vikas costing * 40,000 at 25% above cost, less trade
discount of 10% plus CGST and SGST @ 6% each and a cash discount
of 5%. Vikas did not avail the cash discount.
Jan. 15
Paid salary of ? 20,000 to Manik who provides 60% of his services to
business and rest for domestic service of M/s Vinod.
Jan. 20
Purchased machinery for 3,40,000 plus IGST @ 18% by taking loan
of 2,00,000 from SBI bank and balance paid by cash.
Jan. 22
Goods given as charity costing * 5,000, sale price 6,000, CGST and
SGST @ 6% each was paid at the time of purchase of such goods,
Sold goods to Sanjeev for * 50,000, less 10% trade discount plus CGST
and SGST @ 9% each. Received cheque for the amount.
Jan. 25
Jan. 27
Bought shares of "Reliance Ltd." for * 1,00,000. All the payment is
made by sheque.
Electricity expenses 1,000 paid by cheque.
Jan. 29
​

Answer 1

Answer:

sorry, wrong question...