QI) Journalise the following transactions:
1) Sold goods for Rs.10,000.
2) Sold goods to Sachin for Rs.20,000.
3) Sold goods to Amit for Rs.30,000 and payment made by cheque.
4) Sold goods to Atul of the list price of Rs.30,000 at a trade discount of 10%.
5) Sold goods to Sunil of the list price of Rs.1,25,000 less 20% trade discount and received a cheque under a
cash discount of 2%.
6) Sold goods to Sahil of the list price of Rs.1,25,000 less 20% trade discount and 2% cash discount and paid
40% by cheque.
7) Sold goods costing Rs.40,000 to Anita for cash at a profit of 25% on cost less 20% trade discount and
charged 8% sales tax and paid cartage Rs.100 (not to be charged from customer)
8) Sold goods costing Rs.40,000 to Anil at a profit of 20% on sales less 20% trade discount and charged 8% sales
tax and paid cartage Rs.100(to be charged from customer)
9) Sachin rejected and returned 10% of goods.
10) Bought goods of the list price of Rs.2,50,000 from Mohan less 20% trade discount and 2% cash discount
and paid 40% by cheque.
11) Purchased machinery from Rajiv for Rs.5,000 and paid him by means of a bank draft purchased from bank
for Rs.5020.
12) Paid rent of building Rs.12,000. Half of the building is used by the proprietor for residential use.
13) Paid life insurance premium Rs.2,000.
14) Charge depreciation on furniture @10% p.a. for one month(furniture Rs.12,000).
15) Provide interest on capital (Rs.60,000) at 15% p.a. for six months.
16) Charge interest on drawings (Rs.10,000) at 18% p.a. for six months.
17) Brokerage due to us Rs.500.
18) Proprietor withdrew for private use Rs.1,000 from office and Rs.800 from bank.
19) Purchased a cow for business Rs.20,000.
20) Paid Rs.250 in cash as wages on installation of a machinery.
Answers
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Answer:
Sorry I don't know the answer.
Answered by
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Explanation:
cash A/C dr 10,000
To sales A/C cr 10,000
(Being goods sold for cash)
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