Question

SECTION-E
(Mark each)
Long answer Type Questions (0.31 and 32)
31.
Journalize the following transactions :
Started business with cash 2.00.000 and savings account cheque of 10.00.000
Purchased a machinery for 4.48,000 inclusive of 12% IGST and paid by cheque.
Purchased goods list price 50.000 at 20% trade discount from Rohit C&S GST 6% each
iv.
Goods of list price 3,000 withdrawn by proprietor for his personal use. C & SGST 6% each
Goods list price 20.000 sold at 10% trade discount C& S GST 6% each.
vi.
Goods list price? 10.000 sold to Kapil at 10% trade discount and 2% cash discount received the
amount by cheque immediately C&S GST 6% each.
Paid rent 20,000 by cheque. 1/4 of the residence is occupied by the proprietor C&S GST 6% each.
Goods destroyed by fire costing? 3000. It was purchased paying C&S GST a 6% each
32.
From the following Trial Balance of M/s Rajan & Sons as on 31 March, 2020. Prepare Trading
and Profit & Loss A/C and Balance Sheet.
Debit
Credit​

Answer 1

Answer:

Journalize the following transactions : Started business with cash 2.00.000 and savings account cheque of 10.00.000 Purchased a machinery for 4.48,000 inclusive of 12% IGST and paid by cheque. Purchased goods list price 50.000 at 20% trade discount from Rohit C&S GST 6% each iv. Goods of list price 3,000 withdrawn by proprietor for his personal use. C & SGST 6% each Goods list price 20.000 sold at 10% trade discount & SGST 6% each. vi. Goods list price? 10.000 sold to Kapil at 10% trade discount and 2% cash discount received the amount by cheque immediately C&S GST 6% each. Paid rent 20,000 by cheque. 1/4 of the residence is occupied by the proprietor C&S GST 6% each. Goods destroyed by fire costing? 3000. It was purchased paying C&S GST a 6% each 32. From the following Trial Balance of M/s Rajan & Sons as on 31 March, 2020. Prepare Trading and Profit & Loss A/C and Balance Sheet. Debit Credit