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Cash in barndCash at lankBuildingMachineryDue fromLoanDue to yMay 9Bills PayableWU24 Out" April 2020 Never the following transactions in the Books of Shell1,0003. Enter the following transactions in the book3.000201930,000May 1Subham commenced business of fun10,000brought in cash6,000May 2Purchased furniture for 10.00020,000May 4 Purchased furniture from Rajat foMay 6 Sold furniture for cash 12,00010,000May 7 Purchased Stationary 4004,000Sold furniture to Manas for 5.0May 12 Sold furniture to Raghav for easCOMPOUND ENTRYMay 17Purchased furniture from SalitMay 18 Cash paid to Rajat 15.00021. Journalise the following transactions in the books of Baldev.May 20Purchased Computer for 20.May 22Cash received from ManasAug. 1 Baldev started Business with Cash 1,00,000, Bank 50,000 MachinePaid salaries 5.500Aug.2 Purchase goods < 25,000. 10,000 paid cash and Balance by chequeJournalise the following transactionsAug 7 Rent paid 4,000, salary paid * 6,000,2019Aug. 10 Received 5.000 commission and 10,000 interest.June 1 Kanu started business withAug. 14 Paid Wages and Salary 4.000 and 5,500 respectively,June 3 Bought furniture for cashJune 5MISCELLANEOUS QUESTIONSBought goods from VarunJune 3 Deposited into bank 18,022. Journalise following transactions :Tune 6 Sold goods to Tarun 15.92019May 31Ki

Answer»

ANSWER:

Cash A/c Dr. 2,000

Bank A/c Dr. 68,000

Stock A/c Dr. 40,000

Machinery A/c Dr. 1,00,000

Furniture A/c Dr. 10,000

M/s. B.K. BROS. A/c Dr. 25,000

M/s. NARAIN Bros. A/c Dr. 15,000

To Loan A/c 50,000

To Jacob Bros. LTD. A/c 20,000

To Capital A/c (Balancing Amount) 1,90,000.

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