2. Journalise the following transactions in the books of Gupta Bros., Lucknow (UP):
| 2024 | ₹ | |
|---|---|---|
| March 1 | Started business with cash ₹30,000; goods of ₹15,000 and furniture of ₹20,000 | |
| March 2 | Paid into bank | 20,000 |
| March 3 | Bought goods from Mohan Bros., Lucknow on credit | 7,000 |
| March 4 | Sold goods to Goyal Bros., Kanpur (UP) on credit | 6,000 |
| March 5 | Bought a computer against cheque | 20,000 |
| March 7 | Received from salesman for goods sold by him | 11,800 |
| March 10 | Goyal Bros. gave cheque; deposited in the bank | 7,080 |
| March 11 | Paid to Mohan Bros. by cheque | 6,700 |
| Discount allowed by him | 300 | |
| March 13 | Received an order for goods along with advance of ₹1,000 in cash from Mahesh, Delhi | 5,000 |
| March 15 | Interest received from bank | 400 |
| March 20 | Bank intimates that the cheque of Goyal Bros. is returned dishonoured | |
| March 22 | Paid rent by cheque | 600 |
T.S.Grewal/2024 Edition/Practical Problems/Q-02
For full question, please refer to the text book T.S.Grewal’s Double Entry Book Keeping-Financial Accounting, Textbook for CBSE Class XI published by Sultan Chand & Sons Pvt. Ltd.
Answer :