Question

Q No. 3. Journalise the following transactions in the books of Mr. Suraj Kumar.
(10)
2020 Jan 1
2
5
15
20
Suraj Started business with Cash Rs. 60,000/-, furniture Rs. 90,000/- and Building
Rs. 50,000/-
- Paid into Dena Bank Rs. 40,000/-
- Purchased goods on credit from Mohit Rs. 20,000/- at 10% trade discout.
- Cash received from Sanjay Rs. 42,000/-
- Cast sales Rs. 50,000/- @ 5% GST.
- Withdrew goods worth Rs. 10,000/- from business for personal use.
30​

Answer 1

Answer:

journal in books of Mr. Suraj Kumar

2020

jan.1 Cash account. Dr 60000

Furniture account Dr 90000

Building account Dr. 50000

To capital account. 200000

jan.2 Bank account. Dr 40000

To cash account 40000

jan 5 Purchase account. Dr 18000

To. Mohit. 18000

(20000 - trade discount 2000)

jan 15 Cash account Dr 42000

To Sanjay 42000

jan.20 Cash account Dr 52500

To sales account. 50000

To output IGST. 2500

jan.30 Drawing. a/c Dr. 10000

To purchase account 10000