7. Pass the necessary Journal entries for the following transactions:
| 2024 | ₹ | |
|---|---|---|
| April 01 | Deposited in bank for opening a Current Account | 10,000 |
| April 02 | Withdrawn from bank | 5,000 |
| April 05 | Received a cheque from Ramesh to whom goods were sold for ₹12,000 last year Allowed him 1% discount on payment | |
| April 07 | Ramesh's cheque deposited in bank | |
| April 09 | Ramesh's cheque dishonoured (bank charges ₹20) | |
| April 20 | Ramesh settled his account by issuing cheque including ₹60 for interest | 12,080 |
| April 21 | Cash directly deposited by Raja (Customer) in bank account | 8,000 |
| April 23 | Bank draft got issued in favour of M/s Lal & Sons ₹5,000. Bank charges ₹700 | |
| April 28 | A cheque of ₹4,000 (due after one month) discounted from bank for ₹3,800 | |
| April 30 | Received a cheque from Shyam after banking hours. | 1,000 |
| April 30 | Goods sold for cash ₹7,000 and half of the sale proceeds deposited in bank |
T.S.Grewal/2024 Edition/Practical Problems/Q-07
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.