Write journalentry of business commenced by Awitha name of
ABCtraders(10marks)
2019
June1 Brought₹60,000cash,debtors₹30,000,stockofgoods₹
10,000andcreditorsof₹5,000andcommencedbusiness.
2 Paid₹500forrefreshmentatinauguralfunctionofshop.
5 Depositedcash₹30,000withSBIandopenedaccount.
10 Goodsof₹10,000purchasedfromBat10%tradediscount
and10%cashdiscount.Paidhalfamountbycheque.
15 Adefectivegoodsof₹1,500returnedtoB.
20Goodsof₹6,000soldtoCat10%tradediscountbycash.
25Goodsof₹2,000soldtoDat10%tradediscountand10%cash
discountifhepayswithin15days.
30Afurnitureof₹2,000fromEoncredit.Paidcarriageexpenseof
₹100.
30SBIhaschargedbankcharges₹200.
30CashreceivedfromD.
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installation. On 1st Septem-
ber 2020 the machinery
off for
Rs 45,000
B
Prepare machinery account charging
depreciation @ 10%. p.g. on
method. The company closes its
every year
of
sbraight line
books
3 list
March.
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