Class 11 accounts journal practical problems solutions | PRACTICAL PROBLEMS NO. 4

 3. Chapter : Journal

Book Page No. 85

PRACTICAL PROBLEMS NO. 4

4. Journalise the following transactions in the books of Sanjay General Stores.

2019 June 

1 Started business with cash ` 50,000, Bank ` 1,00,000, Goods worth ` 50,000.

5 Purchased goods from Mohan on credit ` 80,000 at 10% Trade Discount.

9 Sold goods to Urmila ` 30,000 at 5% Trade Discount.

12 Paid in to Dena Bank ` 40,000.

15 Goods worth ` 5000 distributed as free sample.

22 Paid for Commission ` 5,000 to Anand.

24 Received ` 28,000 from Urmila in full settlement of her account by Debit Card.

29 Paid for Advertisement ` 9,000/

30 Purchased Laptop for ` 20,000 @28% GST and amount paid by NEFT.

ANS:

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