Q1. Pass Joumal entries for the following Transactions: (5)Purchased machinery for Rs


Question:

Q1. Pass Joumal entries for the following Transactions:
(5)Purchased machinery for Rs 20,000 and paid Rs 200 for its carriage.ii. Received a Cheque of Rs 4,850 from X in full settlement of his account of Rs 5,000 Cheque was immediately deposited into bank.lii. Received by Cheque a first and final payment of 60 Paise in a Rs from Y who owed us Rs 10,000iv. Sold goods to Z for Rs 10,000 at a trade discount of 20% next day a Cheque was received from him after deducting 5% cashdiscount Cheque was immediately deposited into bank.V. Goods costing Rs 20,000 sold to Manoj at a profit of 20% on cost less 10% trade discount.​

 


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