Surekha started business with cash ₹ 5,00,000 Pass Journal entries for the following transactions:
Pass Journal entries for the following transactions:
(a) Surekha started business with cash ₹ 5,00,000.
(b) Bought goods from Gyalson’s for ₹ 3,00,000, paid by half by cash.
(c) Sold goods to Sonika for ₹ 1,00,000, received ₹ 60,000 immediately.
(d) 10% of the goods returned by Sonika being defective.
(e) Paid to Goyalson’s ₹ 1,49,000 in full settelement.
(f) Amount due from Sonika is not receivable.
(g) Paid rent ₹ 15,000, 2/3rd of the premises is occupied for own use.
Anurag Pathak Changed status to publish September 20, 2023