Question

Vived an advance from customers
Q6. Journalise the following transactions :
2014
Nov. 1
Cash + 10,000, Bank Balance 528,000, Stock > 15,600,
Debtors * 54,000 (Rohan 12,000, Sachin 18,000,
Gyan 24,000) Machinery * 82,000, Creditors, 60,000
(Rekha 25,000, Amit 18,000, Ajay 17,000)
Nov. 5 Purchased goods from Amit for List price = 20,000 at Trade
discount of 10% and Cash discount 5%
Nov. 7 Sold 50% of above goods available to Sachin at a profit of
33/% on cost
Nov. 8 Received a cheque from Sachin on Account
Nov. 9 Deposited Sachin's cheque into bank
Nov. 12 Cheque returned dishonoured
Nov. 14 Goods costing * 3,000 (selling price 4,000) used for
domestic purposes.
Nov. 18 Goods given as charity (Sale price * 1,200, Cost price 900)
Nov. 23 Depreciation on Machinery @ 10%
Nov. 25 Issued a cheque in favour of Ramesh (Landlord) towards
10,000
8,200
rent for the month of December
Nov. 27 Commission Received
Nov. 29 Bank charged interest
Nov. 30 Introduced additional capital
Nov. 30 Salaries due
3,500
600
125
25,000
8,000
(15)​

Answer 1

Vived an advance from customers

Q6. Journalise the following transactions :

2014

Nov. 1

Cash + 10,000, Bank Balance 528,000, Stock > 15,600,

Debtors * 54,000 (Rohan 12,000, Sachin 18,000,

Gyan 24,000) Machinery * 82,000, Creditors, 60,000

(Rekha 25,000, Amit 18,000, Ajay 17,000)

Nov. 5 Purchased goods from Amit for List price = 20,000 at Trade

discount of 10% and Cash discount 5%

Nov. 7 Sold 50% of above goods available to Sachin at a profit of

33/% on cost

Nov. 8 Received a cheque from Sachin on Account

Nov. 9 Deposited Sachin's cheque into bank

Nov. 12 Cheque returned dishonoured

Nov. 14 Goods costing * 3,000 (selling price 4,000) used for

domestic purposes.

Nov. 18 Goods given as charity (Sale price * 1,200, Cost price 900)

Nov. 23 Depreciation on Machinery @ 10%

Nov. 25 Issued a cheque in favour of Ramesh (Landlord) towards

10,000

8,200

rent for the month of December

Nov. 27 Commission Received

Nov. 29 Bank charged interest

Nov. 30 Introduced additional capital

Nov. 30 Salaries due

3,500

600

125

25,000

8,000

(15)