prior to journalizing a transaction, it is very important to analyze the transaction to check if it affects the accounts or not. state true or false
Answers
Answer:
FTTTTd the meaning of the word out yy
Explanation:
Page No.
Pass
journal entries for following transaction
the books of Vijay Stores
in
2020
May
1. Mr. Vijay started business by bringing in
cash 25000,debtors Rs. 20,000, furniture
Rs. 10,000 and creditors Rs. 5,000.
4. Opened a bank account by depositing Rs.20000.
5. Paid Rs 501 to Pujari for performing Puja at shop.
8.Goods of Rs 12,000 purchased from Amar at 10%
trade discount and 5% cash discount if
Payment is made within 3 days.
10. Paid Amar the amount by cheque.
16. As more funds were required in business, a
loan of Do. 50,000 was borowed from SBI.
21. Goods of Rs. 20,000 was sold to suman at
10% Trade discount and 10% Cash discount
Suman paid entire amount by cheque
22. goods of R. 2.000 were destroyed by fire
The insurance company approved claim for
half camount.
31. Hr. Vijay withdrew goods of Rs. 1,000 for
personal use. Page No.
Pass
journal entries for following transaction
the books of Vijay Stores
in
2020
May
1. Mr. Vijay started business by bringing in
cash 25000,debtors Rs. 20,000, furniture
Rs. 10,000 and creditors Rs. 5,000.
4. Opened a bank account by depositing Rs.20000.
5. Paid Rs 501 to Pujari for performing Puja at shop.
8.Goods of Rs 12,000 purchased from Amar at 10%
trade discount and 5% cash discount if
Payment is made within 3 days.
10. Paid Amar the amount by cheque.
16. As more funds were required in business, a
loan of Do. 50,000 was borowed from SBI.
21. Goods of Rs. 20,000 was sold to suman at
10% Trade discount and 10% Cash discount
Suman paid entire amount by cheque
22. goods of R. 2.000 were destroyed by fire
The insurance company approved claim for
half camount.
31. Hr. Vijay withdrew goods of Rs. 1,000 for
personal use.