Question

Q. 21. Tanishk Traders deal in Motor Cars. Record the following transach
(1) Purchased 4 Motor Cars @ 1,20,000 each from Maruti Ltd. for stock.
heir journal
(11) Purchased 1 Motor Car for 275,000 from Maruti Ltd. for business use
(il) Returned one Motor Car from stock to Maruti Ltd.
(iv) Sold 3 Motor Cars for 4,50,000 (Banked *4,25,000).
(v) Purchased an accounting machine for 40,000.
(vi) Bought on credit from Tata Motors, 5 Motor Cars for 28,00,000 for resale.
(vii) Received credit note from Tata Motors for One car returned to them.
(viii) Paid to Tata Motors by cheque the amount owing.
(ix) Drew a cheque for self 1,00,000 and drew out of cash for self 20,000.
(x) Mr. Tanishk brought his own car into the business valuing 1,80,000 for sale
Ans. Total 30,65,000.]..pls it's important don't give in necessary answers...I will mark u as brainalist and follow u..and thank u..pls give right ans only​

Answer 1

Answer:

1.

Purchases ac ...dr 1,20,000

To Maruti Ltd. ac 1,20,000

______________________

Stock ac... dr 1,20,000

To purchases ac 1,20,000

______________________

2.

Purchases ac ...dr 2,75,000

To Maruti Ltd. ac 2,75,000

______________________

3.

Maruti Ltd ac ....dr (whatever the amount is. it's not mentioned.)

To Stock ac

______________________

4.

Debtor ac...dr 25,000

Bank ac...dr 4,25,000

To Sales ac 4,50,000

______________________

5.

Machinery ac ...dr. 40,000

To Bank ac 40,000

______________________

6.

Purchases ac...dr 28,00,000

To Tata Motors 28,00,000

______________________

7.

(I dont know )

______________________

8.

Tata motors ...dr (amt)

To bank (amt)

______________________

9.

Drawings ac ...dr 1,20,000

To cash ac 20,000

To bank ac 1,00,000

______________________

10.

(I dont know)

______________________

Explanation:

Put notes into ( ) starting with the word being.

calculate the amounts where needed.

wherever the question doesnt specify credit or cash but has name of the creditor, it's a credit transaction. hence the name of the motor company mentioned.

Please find out the remaining answers.

my answers are hopefully correct.

have a nice day!