Question

Q. 26. Journalise the following:
1. Purchased goods for 25,000 for Cash and paid 3200 for carriage on these goods.
2. Purchased goods for 40,000 on Credit from Sudhir and paid 500 for carriage on
these goods.
3. Purchased machinery for 720,000 and spent 500 on its carriage and 300 on its
installation.
4. Purchased goods from Anil for 15,000.
5. Sold rd of the above goods at a profit of 20% on cost.
3
6. Goods costing 12,000 sold to Mr. X, issued invoice at 25% above cost less 10%
trade discount.​

Answer 1

ANSWER:

1) Purchases A/c. Dr. 25000

Carriage A/c. Dr. 3200

To, Cash A/c. 28200

(Being goods purchased and carriage paid.)

2)Purchases A/c. Dr. 40000

Carriage A/c. Dr. 500

To,Sudhir's A/c. 40500

(Being goods purchased on credit from sudhir.)

3)Machinery A/c. Dr. 720000

Carriage A/c. Dr. 500

Installation charges A/c. Dr. 300

To,Cash A/c. 720800

(Being machinery purchased,carriage and installation charges paid.)

4)Purchases A/c. Dr. 15000

To, Anil's A/c. 15000

(Being goods purchased on credit from anil.)