Journalise the following transactions : 2017 ₹ Ma

Journalise the following transactions : 2017 ₹ March 1 Started business with cash 50,000 2 Purchased Machinery for cash 20,000 Paid installation charges on machinery 2,000 5 Purchased goods from X of the list price of ₹ 25,000, Trade Discount 20% and cash discount 5%. Payment was made in cash immediately. 10 Sold goods to Y costing ₹ 10,000 at 30% profit on cost less 10% trade discount. 15 Paid Rent 1,000 20 Goods stolen from business 2,000 22 Gave as charity : Cash 100 Goods 200 31 Purchased Post Cards and Envelopes 50 31 Purchased a Computer for business 25,000

Answer» Journalise the following transactions :

2017		₹
March 1	Started business with cash	50,000
2	Purchased Machinery for cash	20,000
	Paid installation charges on machinery	2,000
5	Purchased goods from X of the list price of ₹ 25,000, Trade Discount 20% and cash discount 5%. Payment was made in cash immediately.
10	Sold goods to Y costing ₹ 10,000 at 30% profit on cost less 10% trade discount.
15	Paid Rent	1,000
20	Goods stolen from business	2,000
22	Gave as charity : Cash	100
	Goods	200
31	Purchased Post Cards and Envelopes	50
31	Purchased a Computer for business	25,000