Practical Problem 04

4. Journalise the following transactions in the books of Sanjay General Stores.
2019
Jun-01	Started business with cash Rs 50,000, Bank Rs 1,00,000, Goods worth Rs 50,000.
5	Purchased goods from Mohan on credit Rs 80,000 at 10% Trade Discount.
9	Sold goods to Urmila Rs 30,000 at 5% Trade Discount.
12	Paid in to Dena Bank Rs 40,000.
15	Goods worth Rs 5000 distributed as free sample. (Advertisment A/c)
22	Paid for Commission Rs 5,000 to Anand.
24	Received Rs 28,000 from Urmila in full settlement of her account by Debit Card.
29	Paid for Advertisement Rs 9,000/
30	Purchased Laptop for Rs 20,000 @28% GST and amount paid by NEFT.

In the books of Sanjay General Stores.
Journal Entries
Date	Particular	L.F	Debit	Credit
2019
Jun-01	Cash A/c ……………………………………………………………………………..Dr		50,000
	Bank A/c ……………………………………………………………………………..Dr		100000
	Goods A/c …………………………………………………………………………..Dr		50000
	To Capital A/c			2,00,000
	(Being business started with cash, bank balance and goods)
5	Purchase A/c ………………………………………………………………………Dr		72,000
	To Mohan A/c			72,000
	(Being goods Purchased from Mohan at 10% T.D)
9	Urmila A/c ……………………………………………………………………………Dr		28,500
	To Sales A/c			28,500
	(Being goods sold to Urmila at 10% T.D)
12	Dena Bank A/c ………………………………………………………………………Dr		40,000
	To Cash A/c			40,000
	(Being Cash deposited into Dena Bank)
15	Advertisment A/c ………………………………………………………………..Dr		5,000
	To Goods distributed as free sample A/c			5,000
	(Being goods distributed as free sample)
22	Commission A/c …………………………………………………………………Dr		5,000
	To Cash A/c			5,000
	(Being Commission paid to Anand)
24	Bank A/c ……………………………………………………………………………..Dr		28,000
	Discount Allowed A/c ………………………………………………………..Dr		500
	To Urmila A/c			28,500
	(Being amount received in full settlement from urmila)
29	Advertisment A/c ………………………………………………………………..Dr		9,000
	To Cash A/c			9,000
	(Being Paid for Advertisement)
30	Laptop A/c ……………………………………………………………………………Dr		20,000
	Input CGST A/c …………………………………………………………………….Dr		2,800
	Input SGST A/c …………………………………………………………………….Dr		2,800
	To Bank A/c			25,600
	(Being Laptop Purchased by NEFT at 28% GST)
	Total		4,13,600	4,13,600

Practical Problem 04

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