Q5) From the following transactions of the month of April, 2001, prepare the Journal Proper of Jindal & Co., a
Saree dealer , who also maintains Purchases Book, Sales Book, Returns Books and cash book:
Date Transaction
1 Purchased on credit from Goyal Mills, Surat 25 polyester sarees @ Rs. 60 each.
3 Purchased on credit from Bansal & Co., 2 typewriters @ Rs. 2,100 each.
5 Sold on credit to Goyal & Co., 5 polyester sarees @ Rs. 75 Each.
6 Returned one typewriter (being defective) @ Rs.2,100 to Bansal & Co.
8 Sold on credit two old typewriters to Murli @ Rs.300 each.
10 Sold for cash to Garg & Co., 20 Kota sarees @ Rs. 30 each.
12 Returned to Goyal mills, Surat 5 polyester sarees @ Rs. 60 each.
14 Murli returned one old typewriter @ Rs.300.
16 Purchased for cash from Kansal & Co., 2 chairs @ Rs.2,220
18 Returned one chair ( being defective) @ Rs.2,220.
20 Sold two old chairs to Manohar @ Rs. 300 each.
21 Manohar returned one old chair @ Rs. 300.
30 Rent due to landlord, Ram Rs.600.
30 Salary due to employee, Shyam Rs. 600.
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Answer:one typewriter (being defective) @ Rs.2,100 to Bansal & Co. 8 Sold on credit two old typewriters to Murli @ Rs.300 each. 10 Sold for cash to Garg & Co., 20 Kota sarees @ Rs. 30 each. 12 Returned to Goyal mills, Surat 5 polyester sarees @ Rs. 60 each. 14 Murli returned one old typewriter @ Rs.300. 16 Purchased for cash from Kansal & Co., 2 chairs @ Rs.2,220 18 Returned one chair ( being defective) @ Rs.2,220. 20 Sold two old chairs to Manohar @ Rs. 300 each. 21 Manohar returned one old chair @ Rs. 300. 30 Rent due to landlord, Ram Rs.600. 30 Salary due to employee, Shyam Rs. 600.
Explanation:
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