Question

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the following in the journal of Kumar Gaurav :
Kumar Gaurav commenced business with 10,000, of which he borrowed 34,000 from his wife as loan at
5% interest
Mehta sold us goods worth 4,000 and paid railway freight on our account * 150.
Purchased new machinery from M/s Saurav Machinery Stores on credit 7,000, paid freight 500 and
installation charges 700.
Sold goods to Sharma Bros. of the list price 1,500 at a trade discount 10% and cash discount 2%. They issued
cheque the same day after availing cash discount.
Purchased machinery from Mr. Nitin for 50,000 and paid 1,000 as cartage for bringing the machinery to
factory and 400 as installation charges.
Paid to stationery supplier by cheque of * 500 for the purchase of stationery.
Paid salary to Tajinder 4,000.
Paid by cheque an amount of 20,000 towards the computer machine.
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Answer 1

Answer:

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