Journalise the following transactions in the books of M/s. R.K. & Co Purchased goods of list price of ₹ 20,000 from Vishal at 20% trade discount against cheque payment.
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Enter the following transactions in the Journal of Suresh, Delhi who trades in readymade garments:
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Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri Rakseh): Rakesh commenced business with cash 50,000
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Journalise the following transactions of Singh Enterprises, Delhi: Started business with cash 50,000 Deposited cheque from Savings Account in firm’s account 2,00,000
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Journalise the following transactions of Gurman: Gurman started business with cash 2,00,000
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Following transactions of Ramesh for April, 2022 are given below. Journalise them. Ramesh started business with cash 1,00,000
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Muskaan started business with cash ₹ 3,00,000, Stock ₹ 5,00,000 and building ₹ 25,00,000
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Surekha started business with cash ₹ 5,00,000 Pass Journal entries for the following transactions:
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Tejvir started business with cash ₹ 5,00,000. Pass Journal entries for the following transactions:
Solution:- Note:- (g) expenses incurred against assets purchased or manufactured are debited to the asset A Thus no wages account would be opened for wages paid to the furniture. Expenses account are opened when goods are purchased and for business…
Aakash started business with cash ₹ 3,00,000; Bank deposit of ₹ 40,00,000 and furniture ₹ 4,00,000.
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