Journalise the following transactions in the books of Amar- April 16 Sold goods of ₹90,000 to Kishore out of which he paid ₹10,000 in cash, ₹50,000 by cheque. Rest amount is due. April 20 Salary amounted to ₹45,000. Out of this 1/5th is still due to be paid. April 23 Ronit returned goods of ₹7,000.

Journalise the following transactions in the books of Amar- April 1

1.	Journalise the following transactions in the books of Amar- April 16 Sold goods of ₹90,000 to Kishore out of which he paid ₹10,000 in cash, ₹50,000 by cheque. Rest amount is due. April 20 Salary amounted to ₹45,000. Out of this 1/5th is still due to be paid. April 23 Ronit returned goods of ₹7,000.
Answer» tion:JournalDateParticularsL.F.DebitAmount(₹)CreditAmount(₹)2019 Apr.01Cash A/cDr. 50,000 To CAPITAL A/c 50,000 (Business STARTED with cash) Apr.03Purchases A/cDr. 20,000 To Rita 20,000 (GOODS purchased from Rita on CREDIT) Apr.04RitaDr. 10,000 To Cash A/c 10,000 (Cash paid to Rita) Apr.06RohitDr. 25,000 To Sales A/c 25,000 (Goods sold to Rohit on credit) Apr.08Cash A/cDr. 20,000 To Rohit 20,000 (Cash received from Rohit) Apr.12Purchases A/cDr. 12,000 To Rita 12,000 (Goods purchased from Rita on credit) Apr.18RitaDr. 20,000 To Cash A/c 20,000 (Cash paid to Rita) Apr.25RohitDr. 10,000 To Sales A/c 10,000 (Goods Sold to Rohit) Apr.30Cash A/cDr. 6,000 To Rohit 6,000 (Cash received from Rohit)

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Tois question based GISTBasie Prodquet? Gust Sales SupplyАB 2200150800118.00 to 20018.001 300 Intre statoI istrustile12.00 lo1120 Istrestaleb.Tabb Trade Details (sales and purchaseJitems opening stat I purchased sold closingo0104803oa) find out belowgiveoQuestionsCGST ,SGST , LGST final balance?1. use different lable for saleand purchas drade.Neft profit from the trade?closing stock valuations ?

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