Question

Q1. Journallse the following transactions (10 + 4)
) Sold goods of 60,000 to Vimal recclved 50% of due amount allowing
2% cash discount
Sold goods costing 40,000 to Anil for cash at a profit of 25% on cost
less 20% trade discount and paid cartage 100, which is not to be
charged from customer.
(iii) Received a first and final dividend of 70 paise in the rupce from the
official receiver of Rajagopal who owed us 7,000.
(lv) Received cash for a bad debt written olf last year 2,000,
Pald rent in advance 4,000.
Charge depreciation of 10% on furniture costing 50,000.
(MI) Salaries due to employees 20,000.
) Received an order from Karan & Co. for supply of goods of 50,000
Rcocived an order from AK & Co. for goods of 1,00,000 along with a
cheque for 25,000 as advance,
Sold personal car for 1,00,000 and invested the amount in the firm.
(x)
Machinery costing 4,00,000 for which order was placed earlier paying
advance of 40,000. The balance payment was paid as follows:
(a) An old machine (personal) valued at 30,000 was given in
exchange:
(b) Issued a cheque from his savings account for 1,30,000; and
(c) Balance by Issue cheque from firm's bank account.​

Answer 1

Answer:

what a question

Explanation:

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