Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri Rakseh): Rakesh commenced business with cash 50,000
Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri Rakseh):
| 2022 Jan 1 | Rakesh commenced business with cash | 50,000 |
| Jan 2 | Purchased goods for cash | 10,000 |
| Jan 5 | Purchased goods from Mohan, Delhi | 60,000 |
| Jan 7 | Opened bank account with Bank of India | 10,000 |
| Jan 10 | Purchased furniture for office | 2,000 |
| Jan 15 | Sold goods for cash | 8,000 |
| Jan 20 | Sold goods to Ram of the list price of ₹ 1,25,000 less 20% Trade Discount and 2% cash discount and paid 40% by cheque | |
| Jan 25 | Cash Sales | 3,500 |
| Jan 27 | Paid to Mohan on account | 3,000 |
| Jan 28 | Ram returns goods of sale value | 5,000 |
| Jan 31 | Paid Salaries | 9,000 |
| Jan 31 | Paid to the Petty Cashier | 3,000 |
| Jan 31 | Rejected and returned 5% of goods supplied by Mohan |
Anurag Pathak Changed status to publish September 21, 2023
