1.

Journalise the following transactions of Raj Kumar Traders, timber merchants:-1. Purchased timber from Kuldeep Kumar, for cash ₹ 2,000 and credit ₹ 10,000.2. Paid to Kuldeep Kumar in full settlement of his account ₹ 9,950.3. Paid rent in advance ₹ 10,000.4. Purchased machinery for ₹ 1,00,000 by cheque and carriage ₹ 2,000 and installation charges ₹ 1,000 paid in Cash.5. Purchased goods for ₹ 50,000 from Govind and sold it to Manohar for ₹ 65,000.

Answer» Journalise the following transactions of Raj Kumar Traders, timber merchants:-

1. Purchased timber from Kuldeep Kumar, for cash ₹ 2,000 and credit ₹ 10,000.

2. Paid to Kuldeep Kumar in full settlement of his account ₹ 9,950.

3. Paid rent in advance ₹ 10,000.

4. Purchased machinery for ₹ 1,00,000 by cheque and carriage ₹ 2,000 and installation charges ₹ 1,000 paid in Cash.

5. Purchased goods for ₹ 50,000 from Govind and sold it to Manohar for ₹ 65,000.


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