[QUOTE=saluja_simran;1896883]the entries I have made are as follows:
Quote:
March 4 : Purchase A/c dr 60000
Carriage a/c dr 1200
To cash a/c 61200
Correct except use Carriage Inwards instead of carriage
Quote:
March 6 : purchase a/c dr 100000
To raghunath a/c 1000000
Correct, except use Sundry Creditors (Raghunath)
Quote:
March 6 : carriage a/c dr 1200
To cash a/c 1200
Carriage Inwards should be used
Quote:
March 12 : sunil a/c dr 125000
To sales a/c 125000
Incorrect. You can not record sale on the basis of an order received. It is done only when the goods are actually shipped
Quote:
March 13 : raghunatha/c dr 100000
To bank a/c 90000
To discount a/c 10000
Correct
Quote:
March 15 : cartage a/c dr 3000
To cash a/c 3000
Use carriage outwards for this transaction, You should also record credit sale at this time
Quote:
March 17 : advertisement a/c dr 25000
To cash a/c 25000
Incorrect. Show Case is an asset. Debit Furniture account
Quote:
March 20 : purchase a/c dr 12000
To bank a/c 12000
Correct
Quote:
March 22 : cash a/c dr 3200
To p&L a/c 800
To sales a/c 2400
Incorrect. Debit Cash and Credit Sales with 3,200