Pass Journal entries in the books of Raghunath Bros. from the following transactions. Raghunath Bros. started busienss with cash ₹ 2,50,000; Goods ₹ 1,00,000 and furniture ₹ 60,000.
Pass Journal entries in the books of Raghunath Bros. from the following transactions:-
| 2025 | |
| June 1 | Raghunath Bros. started busienss with cash ₹ 2,50,000; Goods ₹ 1,00,000 and furniture ₹ 60,000. |
| June 2 | Sold goods to Nandlal of the list price of ₹ 20,000 at trade discount of 10%. |
| June 4 | Nandlal returned goods of the list price of ₹ 4,000. |
| June 8 | Received from Nandlal ₹ 14,150 in full settlement of his account. |
| June 10 | Purchased goods from Brij Mohan of the list price of ₹ 10,000 at 15% trade discount. |
| June 13 | Returned goods to Brij Mohan of the list price of ₹ 1,000. |
| June 16 | Settled the account of Brij Mohan by paying cash, under a discount of 4%. |
| June 18 | Purchased goods from Anil ₹ 5,000; Sunil ₹ 10,000. |
| June 19 | Paid cash to Anil ₹ 1,900 and discount received ₹ 100. |
| June 20 | Paid ₹ 9,800 to Sunil in full settlement of his account. |
| June 20 | Bought a ‘Computer’ for ₹ 50,000 for the domestic use of Raghunath. |
| June 25 | Sold goods for cash of the list price of ₹ 8,000 at 10% trade discount and 3% cash discount. |
| June 30 | Paid Rent ₹ 20,000; Trade Expenses ₹ 12,000 and Travelling Expenses ₹ 6,200. |
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