Q4. Solve any 1
Journalise the following transaction in the books of Shobha Medical Store.
2019 August
1 Shobha started business with cash rs. 90,000, stock of goods worth rs. 40,000 machinery worth
Rs. 70,000 and borrowed money rs. 50,000 from her friend Kavita at 12% p.a.
4 bought goods worth Rs. 50,000 from Monika @ 10% trade discount
6 returned goods worth Rs. 450 to Monika
8 sold goods worth rs. 80,000 to Kiran @10% trade discount and received cash after allowing her
cash discount
13 paid for rent rs. 4,000
17 purchased a new machinery worth Rs. 1,00,000 from Tata Ltd. @ 28% GST and amount paid
card.
20 paid for salary Rs. 27,000
27 purchased computer of Rs. 1,20,000 @ 18% GST and amount paid by Debit card.
31 withdrew from bank rs. 10,000 for personal use.
Answer:
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Answer:
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