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 upto specifications. |
| June 6 | Issued a cheque to Mukesh for the amount due to him after deducting 2% as cash discount. |
| June 7 | Withdrew from bank ₹2,50,000 for office use and ₹10,000 for personal use. |
| June 10 | Purchased a machinery for ₹1,00,000 and spent ₹5,000 on its installation. Payment for machinery was made by cheque and installation expenses were paid in cash. |
| June 12 | Sold goods for ₹1,00,000 to Amar. |
| June 13 | Amar clears his account by giving a cheque of ₹98,500. Cheque is immediately sent to bank. |
| June 15 | Purchased stationery for personal use ₹3,000 and for office use ₹5,000. |
| June 20 | Purchased land for ₹2,00,000 and paid 1% as brokerage and ₹15,000 as registration charges on it. Entire payment is made by Cheque. |
| June 30 | Wages due to labourers ₹20,000 and salary due to the clerk ₹30,000. |
D.K.Goel/2024 Edition/Practical Questions/Q-17
For full question, please refer to the text book Accountancy Class-XI by Mr. D.K.Goel published by Avichal Publishing Company