Problem :3
Journlise the following transaction.
01-01-2021 Raja started business with cash 40,000, Furniture 5,000, Machinery 25,000
02-01-2021 Opened a bank account with 25,000
03-01-2021 Purchased goods from Satya 20,000 at a trade discount of 10%
04-01-2021 Purchased computer from Micro line computers 10,000 by cheque.
05-01-2021 Sold goods to Vijaya traders 30,000 at a trade discount of 12%
06-01-2021 Goods returned to Satya 500
07-01-2021 Goods returned by Vijaya Traders 1,000
08-01-2021 Paid travelling expenses 2,000
10-01-2021 Cash received from Vijaya Traders 20,000, half of this deposited in bank.
11-01-2021 Issue a cheque to Satya for 17,300 in full settlement of his account.
12-01-2021 Cash with drawn from bank 5,000 for business use
14-01-2021 Cash with drawn from bank 2,000 for personal use.
15-01-2021 Purchased goods for 6,000
16-01-2021 Carriage paid 500
17-01-2021 Additional capital brought into the business 30,000.
18-01-2021 Cash deposited in bank 10,000
19-01-2021 Machinery sold for 15,000 and received a cheque.
21-01-2021 Sold goods for cash 18,000 and half of the amount deposited in bank.
23-01-2021 Goods taken for personal use 2,000.
25-01-2021 Vijaya Traders become insolvent and nothing recovered from them.
27-01-2021 Advertisement expenses paid to MAA T.V. 2,500 by cheque.
29-01-2021 Loan taken from Rama Krishna 50,000 @ 10% interest
30-01-2021 Salaries paid by cheque 6,000.
31-01-2021 Rent paid 10,000 (Half of the building is used by the proprietor for his residense)
Answers
Answered by
0
Answer:
01-01-21 --- cash a/c -----dr
to capital a/c
--- furniture a/c - -dr
to capital a/c
--- machinery a/c-----dr
to capital a/c
Similar questions