Question

Record the following transactions in the Journal of B. Bhandari:

(a) Purchased an accounting machine for Rs. 2,300 on credit from Reliance Traders Ltd.

(b) Distributed goods from stock as free as free samples to the value of Rs. 1,200 as part of an

advertisement campaign.

(c) Drew a cheque for Rs. 32,600 on the business bank account to pay for a car purchased for

private use of B, Bhanadari.

(d) H Halari, a customer returned goods invoiced at Rs. 400 because they were unsuitable.

(e) Sold household furniture for Rs. 3,500 and paid the money into business cash.

(f) sold old office equipment for Rs. 1,800 and deposited the proceeds in his private bank

account.​

Answer 1

Answer:

1st ans: accounting machine a/c Dr 2300

to reliance traders ltd. 2300

Answer 2

(b) Advertisement A/C Dr. 1200

To Purchases A/C 1200