Question No 36 Chapter No 5 - D.K Goal Class 11

Question No 36 Chapter No 5

36. Journalise the following in the books of Som Nath & Sons:

2019
May.1	Purchased a Machinery for 1,00,000 and the payment was made by issuing a cheque from Proprietor’s saving bank account.
May.4	Received an order from Chakravarti for goods of 4,00,000 along with a cheque of 10% of the order as advance
May.8	Paid cash 8,000 to Dushyant and discount allowed by him 800
May.10	Goods were stolen by an employee Sale Price 20, 000; Cost 15, 000
May.15	Purchased stationery worth 8,000 for office use and 2,000 for personal use
May.20	Manoj pays us 5,400 after deducting 10% for prompt payment.
May.28	Sold goods to Kuber costing 2,00,000 at 25% above cost less trade discount of 10% and cash discount of 5%. Kuber did not avail of the cash discount.

The solution of Question No 36 Chapter No 5: –

In the Books of Radhika Traders
Date	Particulars		L.F.	Debit	Credit
2019
May.1	Machinery A/c	Dr.		1,00,000
	To Capital A/c				1,00,000
	(Being Purchased Machinery and payment made through personal bank account)

May.4	Bank A/c	Dr.		40,000
	To Advance against Sales A/c				40,000
	(Being Advance cheque received from Chakravarti against a sales order)

May.8	Dushyant A/c	Dr.		8,800
	To Cash A/c				8,000
	To Discount Received A/c				800
	(Being Paid to Dushyant)

May.10	Loss by Theft A/c	Dr.		15,000
	To Purchases A/c				15,000
	(Being goods stolen by the employee)

May.15	Stationery A/c	Dr.		8,000
	Drawings A/c	Dr.		2,000
	To Cash A/c				10,000
	(Being Purchased stationery for office and personal use)

May.20	Cash A/c	Dr.		5,400
	Discount Allowed A/c	Dr.		600
	To Manoj A/c				6,000
	(Being Received from Manoj)

May.28	Kuber A/c	Dr.		2,25,000
	To Sales A/c				2,25,000
	(Being Sold goods to Kuber)