Question
Journalise the following transactions:
| 2018 | Rs. | |||
| June | 1 | Cash sale of Ashok | 18,000 | |
| June | 2 | Bought goods from Vinod | 10,000 | |
| June | 2 | Paid cartage on the goods bought | 200 | |
| June | 3 | Old newspapers sold | 100 | |
| June | 4 | Paid Municipal taxes by cheque | 900 | |
| June | 4 | Paid for repairs to machinery | 600 | |
| June | 8 | Received commission by cheque | 1,700 | |
Answer :
Word Count : 333
To journalize the given transactions, we will record the corresponding journal entries as per the accounting standards. Here are the journal entries: ### June 1 Cash sale of Ashok: Rs. 18,000 | Date | Account Title | Debit (Rs.) | Credit (Rs.) | |------------|-------------------------|-------------|--------------| | June 1 | Cash | 18,000 | | | | Sales | | 18,000 | ### June 2 Bought goods from Vinod: Rs. 10,000 | Date | Account Title | Debit (Rs.) | Credit (Rs.) | |------------|-------------------------|-------------|--------------| | ____ ________ _____ ____ __________ ___.
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To journalize the given transactions, we will record the corresponding journal entries as per the accounting standards. Here are the journal entries: ### June 1 Cash sale of Ashok: Rs. 18,000 | Date | Account Title | Debit (Rs.) | Credit (Rs.) | |------------|-------------------------|-------------|--------------| | June 1 | Cash | 18,000 | | | | Sales | | 18,000 | ### June 2 Bought goods from Vinod: Rs. 10,000 | Date | Account Title | Debit (Rs.) | Credit (Rs.) | |------------|-------------------------|-------------|--------------| | ____ ________ _____ ____ __________ ___.
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