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January 18 Cheques received from Rohit and brother Rs.800000 and deposited into Bank same day. January 19 Goods purchased from Vinit & company Rs.1000000 at 20% trade discount. January 20 Goods sold for Cash Rs.500000. January 21 Goods Sold to Rohit & Brother Rs.1000000 at 20% trade discount. January 24 Insurance premium paid Rs.20000 by cheque. January 25 Cash received from Rohit and brother Rs.200000. January 26 Cash paid to Vinit and company Rs.150000. January 27 Commission Received Rs.20000. January 29 Cash withdrawn for personal use Rs.40000. January 30 Salary Rs.25000, Rent Rs.16000 paid by cheque.write journal entry |
| Answer» BANK ACCOUNT Dr. 8,00,000 To CHEQUE in hand A/c 8,00,000{Being cheque deposited into bank } jan 19 puchases A/c Dr. 8,00,000 To vinit and company 8,00,000{ being goods Purchased from vinit and company at 20% T. D}jan 20 cash A/c Dr. 5,00,000 To sales A/c 5,00,00{Being goods sold for cash } Jan 21 Rohit and brother's Dr. 8,00,000 To sales A/c 8,00,000 { being goods sold to Rohit and brother's at 20% T. D}jan 24 Drawing A/c Dr. 20,000 To bank A/c 20,000{ being insurance PREMIUM paid by cheque}jan 25 cash A/c Dr. 2,00,000 To vinit and brother's 2,00,000 { being cash received from Rohit and brother's}jan 26 vinit and company Dr. 1,50,00 To cash A/c 1,50,000{ being cash paid to vinit and comapny }jan 27 cash A/c Dr. 20,000 To commission received A/c 20,000 { being Commission received }jan 29 Drawing A/c Dr. 40,000 To cash A/c 40,000{ being amount withdrawn for personal USE } jan 30 salary A/c Dr. 25,000 Rent A/c Dr. 16,000 To bank A/c 41,000 { being expenses paid }Hope this will help you.... | |