Question

Q. 16. Journalise the following transactions of Raj Kumar Traders timber
merchants :
1. Purchased timber from Kuldeep Kumar, for cash 2,000 and credit 10,000.
2. Paid to Kuldeep Kumar in full settlement of his account 9,950.
3. Paid rent in advance 10,000.
4. Purchased machinery for $1,00,000 by cheque and carriage 2,000 and installation
charges 1,000 paid in cash.
5. Purchased goods for 50,000 from Govind and sold it to Manohar for 365,000. Out
of this Manohar returned goods worth 13,000, which in turn was returned to
Govind.
[Ans. Total 2,73,000.]
Hints : In item No. (4) Machinery Alc
Dr. 1,03,000
To Bank A/C
1,00,000
To Cash A/C
3,000
In item No. (5) Purchases returns will be valued at 10,000,​

Answer 1

Answer:

1. purchase A/C. ..dr

to Cash A/C