Question No 24 Chapter No 5 24. Journalise the following:− 2018   Mar.4 Purchased building for 1,50,000 and incurred expenses of 10,000 on its purchase. Mar.10  Satish who owed us 20,000 is declared insolvent and 60 paise per is received Read More …

Question No 23 Chapter No 5 23. Journalise the following transactions in the books of Kanishk Traders: i Sold goods costing 1,20,000 to Charu at a profit of 33 1/3 “Type equation here.” % on cost less 15% Trade Discount Read More …

Question No 22 Chapter No 5 22. Journalise the following transactions in the Journal of Navin Gupta & Sons.:- 1 Out of Insurance premium paid this year, 15,000 is related to next year. 2 Credit purchases from Ram & Co. Read More …

Question No 21 Chapter No 5 21. Tanishk Traders deal in Motor Cars. Record the following transaction in their journal:- (i) Purchased 4 Motor cars @Rs 1,20,000 each from Maruti Ltd. For stock (ii) Purchased 1 Motor car for Rs Read More …

Question No 20 Chapter No 5 20.Pass Journal entries for the following transactions:− a Proprietor withdrew for private use 10,000 from bank b Goods costing 50,000 were burnt by fire. c Purchased machinery for cash 1,50,000 and paid 2,000 on Read More …

Question No 19 Chapter No 5 19.Pass Journal entries for the following transactions:− 1 Sold goods to Brijesh of the list price of 10,000 at a trade discount of 5%. Received full payment in cash. 2 Goods are given away Read More …

Question No 18 Chapter No 5 18.Pass Journal entries for the following transactions:− 1 Goods for 50,000 were destroyed by fire 2 Goods worth 18,000 were distributed as free samples and 20,000 were given away as charity in cash. 3 Read More …

Question No 17 Chapter No 5 17.Pass Journal entries for the following transactions:− 1 Purchased Machinery for 20,000 and paid 200 for its carriage. 2 Received a cheque for 4,850 from X in full settlement of his account of 5,000. Read More …

Question No 16 Chapter No 5 16. Journalise the following transactions of Raj Kumar Traders, timber merchants:- 1 Purchased timber from Kuldeep Kumar, for cash 2,000 and credit 10,000. 2 Paid to Kuldeep Kumar in full settlement of his account Read More …

Question No 15 Chapter No 5 15.Enter the following transactions in the Journal of Arun Govil & Co. : Jun. 1 Arun Govil & Co. paid into the bank as capital 6,00,000. Jun. 3 Purchased goods from Mukesh of the Read More …