7. Pass Journal Entries for the following transactions: 2023 Jan. 6 Sold goods to Muskan of the list price of ₹2,00,000 at trade discount of 20%. 8 Muskan returned goods of the list price of ₹5,000. 15 Received from Muskan the full payment under a cash discount of 4%. D.K.Goel/2024 Edition/Practical Questions/Q-07 For full question, … Read more
6. Enter the following transactions in the Journal of Marutinandan Stores: 2023 Jan. 10 Purchased goods from Ghanshyam of the list price of ₹50,000 at 15% trade discount. 13 Returned goods to Ghanshyam of the list price of ₹2,000. 15 Paid cash to Ghanshyam ₹40,000 in full settlement of his account. 20 Purchased goods from … Read more
5. Pass Journal entries in the books of Hari Shankar & Co. from the following: 2023 ₹ April 1 Commenced business with cash 50,000 2 Purchased goods from Subhash 20,000 4 Sold goods to Ramnath 15,000 6 Ramnath returned defective goods 1,000 10 Received cash from Ramnath and 13,800 Discount allowed 200 12 Gopal sold … Read more
4. Enter the following transactions in the Journal of Ganesh Bros 2023 ₹ March 3 Sold goods to Dev 1,00,000 5 Received from Dev in full settlement of his account 98,000 6 Sold goods to Manmohan 80,000 8 Manmohan returned goods 1,000 15 Received from Manmohan in full settlement of his account 78,200 16 Received … Read more
3. Enter the following transactions in the Journal of Sahil Bros. : 2022 ₹ October 1 Purchased goods from Anil for Cash 40,000 3 Purchased goods from Atul 75,000 6 Returned goods to Atul 3,000 8 Paid cash to Atul S0,000 10 Sold goods to Charu 1,00,000 12 Charu returned 20% of goods 15 Paid … Read more
2. Enter the following transactions in the Journal of M/s Tripathi Bros. 2023 ₹ Jan. 6 Sold goods for cash 36,000 8 Sold goods to Hari 30,000 14 Received cash from Hari 18,000 26 Received Commission 750 27 Paid Salary to Gopal 1,200 28 Received cash from Hari 12,000 29 Withdrew cash from office for … Read more
1. Enter the following transactions in the Journal of Manohar Lal & Sons. 2023 ₹ March 1 Manohar Lal & Sons started business with cash 60,000 2 Purchased furniture for cash 10,000 4 Purchased goods for cash 25,000 5 Bought goods from Kamlesh 15,000 10 Paid cash to Kamlesh 15,000 16 Purchased goods from Sohan … Read more
25. Journalise the following entries: (i) Goods costing ₹500 given as charity. (ii) Sold goods to Mayank of ₹1,00,000, payable 25% by cheque at the time of sale and balance after 30 days of sale. (iii) Received ₹975 from Harikrishna in settlement of his account of ₹1,000. (iv) Received dividend of 60 paise in a … Read more
24. Journalise the following transactions: 2024 ₹ (i) Shyam became insolvent. Compensation of 75 paise in a rupee was received from his Official Receiver. He owed us 10,000 (ii) Received cash from Ramesh whose account was written off last year as bad debt 5,000 (iii) Rent due to landlord 8,000 (iv) Salaries due to staff … Read more
23. Journalise the following transactions in the books of Bhushan Agencies: (i) Received cash from Bharat ₹20,000, allowed him discount of ₹500. (ii) Received from Vikas ₹35,000 by cheque, allowed him discount of ₹750. (iii) Received cash from Akhil ₹38,000 in settlement of his dues of ₹40,000. (iv) Received from Amrit ₹50,000 by cheque on … Read more