22. Journalise the following transactions in the books of M/s. R.K. & Co.: (i) Purchased goods of list price of ₹20,000 from Vishal at 20% trade discount against cheque payment. (ii) Purchased goods of list price of ₹20,000 from Naman at 15% trade discount against cash. (iii) Purchased goods of list price of ₹30,000 from … Read more
21. Enter the following transactions in the Journal of Suresh, Delhi who trades in readymade garments: 2024 ₹ April 01 Suresh paid in bank as Capital 60,000 April 02 He bought goods and paid by cheque 24,000 April 03 Sold goods to Mukand & Co, Delhi 6,700 April 04 Sold goods for cash 10,900 April … Read more
20. Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri Rakesh): 2024 ₹ Jan.01 Rakesh commenced business with cash 50,000 Jan.02 Purchased goods for cash 10,000 Jan.05 Purchased goods from Mohan, Delhi. 60,000 Jan.07 Opened bank account with Bank of India. 10,000 Jan.10 Purchased furniture for office. 2,000 Jan.15 Sold goods for cash. 8,000 … Read more
19. Journalise the following transactions of Singh Enterprises, Delhi: 2024 ₹ June 01 Started business with cash 50,000 June 02 Deposited cheque from Savings Account in firm’s account 2,00,000 June 03 Received cheque from Ram as loan 50,000 June 04 Purchased goods for cash 15,000 June 11 Sold goods to M/s Hari Sales, Delhi 12,000 … Read more
18. Journalise the following transactions of Gurman: 2024 ₹ Jan. 01 Gurman started business with cash 2,00,000 Jan. 02 Paid into bank 60,000 Jan. 03 Bought goods from Singh & Co. 20,000 Jan. 03 Paid cartage on goods purchased 300 Jan. 04 Purchased furniture 2,000 Jan. 04 Paid advance for purchase of HP Printers for … Read more
17. Following transactions of Ramesh for April, 2024 are given below. Journalise them. 2024 ₹ April 01 Ramesh started business with cash. 1,00,000 April 02 Paid into bank. 20,000 April 03 Bought goods for cash. 50,000 April 04 Drew cash from bank for office use 10,000 April 13 Sold goods to Krishna 15,000 April 20 … Read more
16. Pass Journal entries for the following transactions: (a) Muskaan started business with Cash ₹3,00,000, Stock ₹5,00,000 and building ₹25,00,000. (b) Construction of power-back room ₹1,00,000. (c) Paid insurance premium for stock ₹15,000 and self ₹7,000. (d) Goods destroyed by fire ₹80,000, Insurance Claim lodged. (e) Commission received ₹25,000, 20% being received in advance. (f) … Read more
15. Pass Journal entries for the following transactions: (a) Surekha started business with cash ₹5,00,000. (b) Bought goods from Goyalson’s for ₹3,00,000, paid half by cash. (c) Sold goods to Sonika for ₹1,00,000, received ₹60,000 immediately. (d) 10% of the goods returned by Sonika being defective. (e) Paid to Goyalson’s ₹1,49,000 in full settlement. (f) … Read more
14. Pass Journal entries for the following transactions: (a) Tejvir started business with cash ₹5,00,000. (b) Opened a bank account depositing ₹3,00,000. (c) Invested in shares (personal) for ₹50,000, paid out of Saving Account. (d) Bought goods (timber) for ₹3,00,000, paid half by cash and half by cheque. (e) Paid carriage for unloading the timber … Read more
13. Pass Journal entries for the following transactions: (a) Aakash started business with cash ₹3,00,000; Bank deposit of ₹40,00,000 and furniture ₹4,00,000. (b) Bought goods from Bhushan Traders ₹30,00,000 against cheque of ₹15,00,000, balance to be paid later. (c) Returned goods of ₹1,20,000 to Bhushan Traders. (d) Sold goods to Pawan ₹4,00,000. (e) Paid to … Read more