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    athira shibu's Avatar
    athira shibu Posts: 1, Reputation: 1
    New Member
     
    #1

    Aug 14, 2012, 10:52 PM
    Journalise the following transactions nov 1 ventak & company commenced business wit
    Journalise the following transactions
    Nov 1 ventak & company commenced business with
    Cash rs.100000
    Furniture rs.25000
    Goods rs.20000
    Machinery rs.50000
    Nov 2 sales rs.10000
    Nov3 purchases rs.8000
    Nov5 sold goods to mahesh rs.12000
    Nov 6 bought goods from ramesh rs.7000
    Nov 9 sold goods to kesav for cash rs.6000
    Nov 10 mahesh returned goods rs.500
    Nov 11 commission received rs.1000
    Nov 12 returned goods to ramesh rs.1500
    Nov 15 cash deposited into bank rs.15000
    Paid for carriage rs.600
    Paid advertisement charge rs.4000
    Paid commission rs.200
    Nov 16 bought goods from suresh rs.12000
    Rent of building rs.4000
    Paid insurance premium rs.500
    Paid sundry expenses rs.400
    Nov 17 paid to ramesh by cheque rs.4000
    Discount received rs.200
    Nov 19 withdrew from bank for domestic use rs.3000
    Nov 21 sold goods to madhav rs.9000
    Nov 22 cash received from mahesh rs.4000
    Discount allowed rs.100
    Nov 23 stationery expenses rs.500
    Nov 25 cash paid to suresh rs.3000
    Nov 26 cash received from madhav rs.5000
    Received interest rs.100
    Nov 28 cash deposited into bank rs.10000
    Nov 30 paid salaries by cheque rs.3000
    Paid rent rs.500
    Paid income tax rs.500
    paraclete's Avatar
    paraclete Posts: 2,706, Reputation: 173
    Ultra Member
     
    #2

    Aug 15, 2012, 03:50 AM
    Sorry we don't provide model answers so you must decide what to debit what to credit and we will tell you if you make a mistake, otherwise follow the prompts to homework help

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