17. Enter the following transactions in the Journal of Arun Govil & Co,: 2022 June 1 Arun Govil & Co. paid into bank as capital ₹6,00,000. June 3 Purchased goods from Mukesh of the list price of ₹2,00,000 at 10% trade discount. June 4 One-fourth of the above goods returned to Mukesh for not being … Read more
16. Pass journal entries for the following : 2023 Jan. 5 Purchased goods for Cash ₹10,000 and spent ₹200 for their carriage. Jan. 10 Purchased machinery for Cash ₹50,000 and spent ₹500 for its carriage. Jan. 15 Paid by cheque ₹2,00,000 for cement, ₹1,00,000 for timber and ₹50,000 as wages for the construction of building. … Read more
15. Pass Journal Entries for the following transactions : Provide depreciation on Furniture ₹5,000 and on Machinery ₹20,000. Received cash₹10,000 for bad-debts written off last year. Ajay Singh was declared bankrupt. He owed ₹25,000 to us. Nothing could be recovered from his estate. ₹2,00,000 for wages and ₹40,000 for salaries are outstanding. Purchased furniture for … Read more
14(A). Following balances appeared in the books of Radhika Traders as on 1st April, 2023: Assets: Cash ₹8,000; Cash at Bank ₹7,000; Stock ₹30,000; Debtors : ₹36,000 (Mohan ₹10,000; Sohan ₹12,000; Dinesh ₹14,000); Furniture ₹5,000; Building ₹25,000. Liabilities: Creditors X ₹5,000; Y ₹6,000. 2023 ₹ April 2 Bought goods of the list price of ₹6,000 … Read more
13. Journalise the following transactions : 2023 ₹ Jan. 1 Paid into bank for opening a Current Account 10,000 3 Goods sold for ₹50,000 and the amount was deposited into the bank 7 Amount withdrawn from bank 20,000 10 Goods sold for Cash 15,000 12 Amount deposited into bank 12,000 14 Goods purchased and payment … Read more
12. Journalise the following transactions in the books of Dixit & Sons.: 2023 March 2 Sold goods to Dilip of the list price of ₹62,000 for ₹60,000. 16 Purchased goods costing ₹2,00,000 from Hari & Co. Paid 75% immediately by cheque to avail 4% discount. 20 Sold goods to Vishal Traders costing ₹40,000 at 25% … Read more
11. Pass journal entries for the following: 2023 Jan. 6 Purchased goods from Henry for ₹50,000 on 10% trade discount and 4% cash discount and paid 60% amount by cheque. Jan. 15 Bought goods from Amit for ₹2,00,000 at terms 5% cash discount and 20% trade discount. Paid 3/4th of the amount in cash at … Read more
10. Journalise the following transactions 2023 March 5 Sold goods to Shruti for ₹80,000 at 15% trade discount and 4% cash discount. Received 75% amount immediately through a cheque. 10 Purchased goods from Richa for ₹60,000 at 10% trade discount and 5% cash discount. 60% amount paid by cheque immediately. D.K.Goel/2024 Edition/Practical Questions/Q-10 For full … Read more
9. Pass Journal entries in the books of Raghunath Bros. from the following transactions 2022 June 1 Raghunath Bros. started business with cash ₹80,000; Goods ₹40,000 and furniture ₹20,000. June 2 Sold goods to Nandlal of the list price of ₹20,000 at trade discount of 10%. June 4 Nandlal returmed goods of the list price … Read more
8. Give Journal Entries for the following transactions in the books of Raja Ram & Co.: 2023 March 3 Bought goods for cash of the list price of ₹80,000 at 10% trade discount and 2½% cash discount. 5 Sold goods for cash of the list price of ₹1,00,000 at 15% trade discount and 3% cash … Read more