5. Pass necessary Journal entries for the following transactions: 2024 April 01 Mohan is declared insolvent. Received first and final dividend from his official Receiver 50 paise in a rupee against a debt of ₹5,000 April 02 ₹8,000 due from Ramesh is not recoverable April 03 Shyam, who owed ₹15,000 became insolvent and 50% is … Read more
4. Pass necessary Journal entries for the following transactions: 2024 April 05 Paid salaries ₹30,000, rent ₹10,000 and wages ₹8,000 by cheque. April 07 Purchased goods from Hari for ₹30,000 at 10% trade discount and 2% cash discount. Payment was made immediately. April 15 Paid to Raju ₹5,000 in cash and ₹7,000 by cheque. April … Read more
3. Record the following transactions in the Journal of Amitabh: 2024 ₹ May 01 Amitabh started business with cash 80,000 May 02 Purchased furniture from Modern Furnishers for cash 10,000 May 05 Deposited in bank 30,000 May 06 Purchased goods for cash 5,000 May 08 Purchased goods on credit from Hari 4,500 May 10 Purchased … Read more
2. Enter the following transactions in the Journal of Gurman: 2024 ₹ June 01 Gurman invested capital in cash 1,00,000 June 03 Purchased goods from Harish 10,000 June 05 Purchased goods for cash 8,000 June 08 Purchased goods from Mohit for cash 7,000 June 10 Sold goods to Kailash on credit 2,000 June 12 Sold … Read more
1. Journalise the following transactions in the books of Ram: 2024 ₹ April 01 Business started with cash 1,00,000 April 02 Goods purchased for cash 25,000 April 03 Goods purchased from Pankaj on credit 18,000 April 05 Goods sold to Naresh on credit 9,000 April 07 Goods returned to Pankaj 12,000 April 09 Goods returned … Read more