To Commission Received AC
To Dividend Received AC
Illustration-2
Journalise the following transactions in the books of Sankalp General Stores
2019
July 1 Started business with Cash 1,00,000, Stock of Goods worth 50,000,
and Computer 50,000.
4 Purchased goods from Karina on credit 10,000 at 5% trade discount.
10 Sold goods to Priyanka 320,000 at 10% trade discount.
13 Paid into State Bank of India 50,000.
15 Goods worth 2,000 lost by theft.
18 Paid for Rent 4,000.
20 Received Cash of * 17,500 from Priyanka in full settlement of her account.
25 Paid for Stationery purchased 8,000.
Solution: In the books of Sankalp General Stores
Journal
Debit
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