Practical Problem 06

Journalise the following transactions in the books of Nina General Stores
2018
Sep-01	Sold goods of Rs 50,000 at 10% Trade Discount and 10% Cash Discount to Raj and
	received 50% by cheque and 20% by cash.
3	Bought goods worth Rs 60,000 from Prashant at 7.5% Trade Discount and half amount
	paid by cash.
5	Returned goods worth Rs 550 to Prashant.
7	Sold goods worth Rs 90,000 to Ranvir on credit at 10% Trade Discount.
12	Received Commission Rs 4,500.
15	Received cheque of Rs 80,000 from Ranvir in full settlement of his account.
18	Purchased Computer worth Rs 80,000 from Reliance Company by cheque at 28% GST.
22	Wages paid Rs 13,000.
23	Paid for Life Insurance premium Rs 17,000.
27	Sold goods worth Rs 28,000 to Tushar who paid us Rs 18,000 immediately

In the books of Nina General Stores
Journal Entries
Date	Particular	L.F	Debit	Credit
2018
Sep-01	Raj A/c …………………………………………………………………………………Dr		13,500
	Bank A/c ………………………………………………………………………………Dr		20,250
	Cash A/c ………………………………………………………………………………Dr		8,100
	Discount Allowed A/c ……………………………………………………….. Dr		3,150
	To Sales A/c			45,000
	(Being goods sold to Raj at 10% T.D and 10% C.D and Received
	50% by Cheque & 20% by Cash)
3	Purchase A/c ………………………………………………………………………..Dr		55,500
	To Cash A/c			27,750
	To Prashant A/c			27,750
	(Being goods purchased from Prashant at 7.5% T.D who Paid
	half the amout by Cash)
5	Prashant A/c ……………………………………………………………………….Dr		550
	To Purchase Return A/c			550
	(Being goods returned to prashant)
7	Ranvir A/c…………………………………………………………………………….Dr		81,000
	To Sales A/c			81,000
	(Being goods sold on credit to ranvir at 10% T.D)
12	Cash A/c ………………………………………………………………………………Dr		4,500
	To Commission A/c			4,500
	(Being Commission Received)
15	Bank A/c ………………………………………………………………………………Dr		80,000
	Discount Allowed A/c ……………………………………………………….. Dr		1,000
	To Ranvir A/c			81,000
	(Being cash recevied in full setelment by ranvir)
18	Computer A/c………………………………………………………………………..Dr		80,000
	Input CGST A/c………………………………………………………………………Dr		11200
	Input SGST A/c…………………………………………………………………….Dr		11200
	To Bank A/c			1,02,400
	(Being computer purchase and amount paid by cheque)
22	Wages A/c……………………………………………………………………………….Dr		13,000
	To cash A/c			13,000
	(Being wages paid)
23	Drawing A/c…………………..……………………………………………………….Dr		17,000
	To cash A/c			17,000
	(Being life insurance premium paid)
27	Cash A/c ………………………………………………………………………………Dr		18,000
	Tushar A/c……..…………………………………………………………………….Dr		10000
	To sale A/c			28000
	(Being good sold to tushar and some amount partly received)
	Total		4,27,950	4,27,950

Practical Problem 06

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