Question No 28 Chapter No 5 - D.K Goal Class 11

Question No 28 Chapter No 5

28. Give the journal entries corresponding to narration given below:

Date	Particular		LF.	Amount(Dr.)	Amount(Cr.)
Apr.5		Dr.
	To Bank A/c
	To
	( Goods of the list prices of Rs 60,000 purchased at 25% trade discount and 10% cash discount )
Apr.6
	(Building purchased for Rs 2,00,000 and brokerage paid on the purchase @2 1/2% entire payment is made by cheque)
Apr.9		Dr.
	To
	(Goods costing Rs 20,000 destroyed by fire)
Apr.13	Bank A/c	Dr.
	A/c	Dr.
	To
	(60 paise per rupee received from the estate of Hukam chand on his insolvency
Apr.20
	To Bank A/c
	(Goods purchased for Rs 1,00,000 and carriage paid Rs 500)
Apr.25	Cash A/c	Dr.
	A/c
	To
	(Gopal cleared our account after deducting four precent discount)
Apr.30		Dr.
	To
	To
	( wages paid Rs 15,000 and due Rs 3,000)

The solution of Question No 28 Chapter No 5: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
Apr.5	Purchases A/c	Dr.		45,000
	To Bank A/c				40,500
	To Discount received A/c				4,500
	(Being Goods of the list prices of Rs 60,000 purchased at 25% trade discount and 10% cash discount )

Apr.6	Building A/c	Dr.		2,05,000
	To Bank A/c				2,05,000
	(Being Building purchased for Rs 2,00,000 and brokerage paid on the purchase @2 1/2% entire payment is made by cheque)

Apr.9	Loss by Fire A/c	Dr.		20,000
	To Purchase A/c				20,000
	(Being Goods costing Rs 20,000 destroyed by fire)

Apr.13	Bank A/c	Dr.		48,000
	Bad debts A/c	Dr.		32,000
	To Hukam Chand A/c				80,000
	(Being 60 paise per rupee received from the estate of Hukam chand on his insolvency)

Apr.20	Purchases A/c	Dr.		1,00,000
	Carriage A/c	Dr.		500
	To Bank A/c				1,00,500
	(Being Goods purchased for Rs 1,00,000 and carriage paid Rs 500)

Apr.25	Cash A/c	Dr.		28,800
	Discount allowed A/c	Dr.		1,200
	To Gopal A/c				30,000
	(Being Gopal cleared our account after deducting four precent discount)

Apr.30	Wages A/c	Dr.		18,000
	To Cash A/c				15,000
	To Outstanding Wages A/c				3,000
	(Being wages paid Rs 15,000 and due Rs 3,000)