Question

Q3.

Journalise the following transaction in the Books of Mr. Ashok.



2018 April 1st Mr. Ashok started business with cash Rs. 80,000, Building 1,00,000 and borrowed from friend jagdish Its 25,000 in cash
4th Paid cash into Bank of India Rs. 90,000
5th Purchased furniture foim Mahesh and issued him acheque of Rs. 6000

10th Credit Purchase form Shinde Rs 15,000 less 4% Trade Discount.

15th Returned goods to Shinde Rs. 150

18th Cash sales Rs. 4,500

20th Credit Sales to Akshay Rs 3,000 less trade discount 2%

22nd Akshay Returned goods Rs. 294

25th Paid postage Rs. 100 and electric ity Rs 600

28th Goods taken by Ashok for personal use Rs 500
​

Answer 1

Answer:

Journal Entry :-

Bank A/c Dr. 5000

To Cash A/c. 5000