Question No 27 Chapter No 5 - D.K Goal Class 11

Question No 27 Chapter No 5

27.Journalise the following:

2018
Apr.1	Purchased goods for 1,00,000 from Manoj and availed discount of 10,000
Apr.2	Paid amount due to Manoj by cheque and availed discount of 4,500
Apr.5	Cash 5,000 paid to Desai and discount allowed by him 200.
Apr.10	Cash 10,000 received from Govardhan and allowed him a discount of 500
Apr.12	Sold personal Car of the proprietor for 80,00 against cheque, which was deposited into the firm’s bank account.
Apr.16	Sold personal Car of the proprietor for 1,50,000 against cheque, which was deposited into the proprietor’s personal bank account
Apr.20	Sold goods to Gaurav costing 1,00,000 at a profit of 40% and allowed him 10% trade discount and paid for cartage 3,000 not to be charged from him
Apr.24	Placed an order with Rudra & Co. for the supply of goods of 80,000 and a cheque for 40% amount is sent to them as an advance.

The solution of Question No 27 Chapter No 5: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
Apr.1	Purchases A/c	Dr.		90,000
	To Manoj A/c				90,000
	(Being Purchased from Manoj)

Apr.2	Manoj A/c	Dr.		90,000
	To Bank A/c				85,500
	To Discount Received A/c				4,500
	(Being Paid to Manoj)

Apr.5	Desai A/c	Dr.		5,200
	To Bank A/c				5,000
	To Discount Received A/c				200
	(Being Paid to Desai)

Apr.10	Cash A/c	Dr.		10,000
	Discount Allowed A/c	Dr.		500
	To Govardhan A/c				10,500
	(Being Cash received from Govardhan)

Apr.12	Bank A/c	Dr.		80,000
	To Capital A/c				80,000
	(Being Sold personal car and invested in business)

Apr.16	No entry

Apr.20	Gaurav A/c	Dr.		1,26,000
	To Sale A/c				1,26,000
	(Being Sold to Gaurav)

	Carriage Outwards A/c	Dr.		3,000
	To Cash A/c				3,000
	(Being Cartage paid on sales)

Apr.24	Advance for Purchases A/c	Dr.		2,000
	To Bank A/c				2,000
	(Being Advance cheque sent to Rudra and Co. Against purchase order )