Question

Q.2. Journalise the following transations in the books of Avinash Traders, Latur :
April, 2019 :
1.
Avinash commenced business with cash * 1,25,000 and Machinery * 75,000.
4.
2. Purchased goods from Sandip 30,000 @ 18 % GST.
3. Goods distributed as free samples 2000.
Wages paid * 700.
5. Furniture purchased 20,000.
6. Goods sold of 10,000 @ 18 % GST.
7. Cash paid to Sandip * 4,900, discount received * 100.
8. Goods of 1000 withdrawn by Avinash for his personal use.​

Answer 1

Answer:

cash A/c. dr. 125000

machinery A/c dr. 75000

To capital A/c 200000