15. Prepare Journal from the transactions given below: (a) Cash paid for installation of machine ₹500 (b) Goods given as charity ₹2,000 (c) Interest charge on capital @7% p.a. when total capital were ₹70,000 (d) Received ₹1,200 of a bad debts written-off last year. (e) Goods destroyed by fire ₹2,000 (f) Rent outstanding ₹1,000 (g) … Read more
14. Jouranlise the following transactions in the books of Harpreet Bros.: (a) ₹1,000 due from Rohit are now bad debts. (b) Goods worth ₹2,000 were used by the proprietor. (c) Charge depreciation @ 10% p.a for two month on machine costing ₹30,000. (d) Provide interest on capital of ₹1,50,000 at 6% p.a. for 9 months. … Read more
13. Journalise the following transactions: 2017 ₹ Dec. 01 Hema started business with cash 1,00,000 Dec. 02 Open a bank account with SBI 30,000 Dec. 04 Purchased goods from Ashu 20,000 Dec.06 Sold goods to Rahul for cash 15,000 Dec.10 Bought goods from Tara for cash 40,000 Dec.13 Sold goods to Suman 20,000 Dec.16 Received … Read more
12. Enter the following Transactions in the Journal of Mudit: 2017 ₹ Jan.01 Commenced business with cash 1,75,000 Jan.01 Building 1,00,000 Jan.02 Goods purchased for cash 75,000 Jan.03 Sold goods to Ramesh 30,000 Jan.04 Paid wages 500 Jan.06 Sold goods for cash 10,000 Jan.10 Paid for trade expenses 700 Jan.12 Cash received from Ramesh Discount … Read more
11. Journalise the following transactions in the books of Himanshu: 2017 ₹ Dec.01 Business started with cash 75,000 Dec.07 Purchased goods for cash 10,000 Dec.09 Sold goods to Swati 5,000 Dec.12 Purchased furniture 3,000 Dec.18 Cash received from Swati In full settlement 4,000 Dec.25 Paid rent 1,000 Dec.30 Paid salary 1,500 NCERT/Numerical Questions/Q-11 Answer : … Read more