Question

Q. 16. Pass journal entries for the following:
Jan. 5 Purchased goods for Cash 10,000 and spent 200 for their carriage.
Jan. 10 Purchased machinery for Cash 50,000 and spent 500 for its carriage.
Jan. 15 Paid 320,000 for cement, 10,000 for timber and 35,000 as wages for the
construction of building.
Jan. 17 Purchased an old machinery for 20,000 and spent 2,500 on its immediate repairs.
Jan. 20 Paid 500 for repairing some other machinery.​

Answer 1

Answer:

Jan 5: purchase a/c. Dr. 10000

carriage inward a/c. Dr. 200

to cash a/c. ......... 10200

Jan 10: machinery a/c. Dr. 50000

carriage a/c. Dr. 500

to cash a/c. 50500

Jan 15: raw material a/c Dr. 330000

wages a/c. Dr. 35000

to bank AC. 365000

Jan 17; old machinary a/c. Dr. 20000

repairing charge a/c. Dr 2500

to cash a/c. 22500

Jan 20: repairing charge a/c. Dr. 500

to bank AC. 500