Plz slove alll transaction plz slove all transaction
Dear Student
Q.1
Answer
Please ask next question in different thread so that we can help you at the earliest.
Regards
Q.1
Answer
Journal | ||||
Date | Particulars | Debit Amount (Rs.) | Credit Amount (Rs.) | |
Cash A/c | Dr. | 200,000 | ||
To Capital A/c | 200,000 | |||
(Being Business started with cash) | ||||
Purchase A/c | Dr. | 10,000 | ||
To Cash A/c | 9,500 | |||
To Discount Received | 500 | |||
(Being Purchased goods at 5% Cash discount ) | ||||
Cash A/c | Dr. | 12,825 | ||
Discount Allowed A/c (13,500 x 5/100) | Dr. | 675 | ||
To Sales | 13,500 | |||
(Being goods of Rs 15,000 sold at 10% trade discount and 5% cash discount) | ||||
Charity expenses | Dr. | 1,100 | ||
TO Cash A/c | 1,100 | |||
(Being charity done) | ||||
Purchase A/c | Dr. | 8,000 | ||
To Cash A/c | 8,000 | |||
(Being goods purchased from ram for cash) | ||||
Hanumant A/c | Dr. | 18,000 | ||
To Sales | 18,000 | |||
(Being goods worth Rs 20,000 sold to hanumant at 10% trade discount) | ||||
Cash A/c | Dr. | 10,260 | ||
Discount Allowed A/c | Dr. | 540 | ||
To Hanumant A/c | 10,800 | |||
(Being 60% amount received from hanumant at 5% discount allowed) | ||||
Purchase A/c | Dr. | 8,000 | ||
To Sohan | 8,000 | |||
(Being goods purchased from sohan) | ||||
Mr. Manohar A/c | Dr. | 11,650 | ||
TO Sales | 11,650 | |||
(Sold goods to MR manohar) | ||||
Bank A/c | Dr. | 2,000 | ||
To Commission received | 2,000 | |||
(Being commission received through cheque) | ||||
Electricity expenses | Dr. | 1,500 | ||
To Cash A/c | 1,500 | |||
(Being electricity bill paid) | ||||
Salary A/c | Dr. | 8,500 | ||
To Accountant | 8,500 | |||
(Being salary due to accountant) | ||||
Interest on Capital A/c (2,00,000 x 12/100) | Dr. | 24,000 | ||
To Capital A/c | 24,000 | |||
(Being interest on capital credited to capital A/c) | ||||
Cash A/c | Dr. | 11,500 | ||
Discount Allowed A/c | Dr. | 150 | ||
Mr. Manohar A/c | 11,650 | |||
(Being money received from Mr. Manohar in full settlement) |
Please ask next question in different thread so that we can help you at the earliest.
Regards