Journal entry revision lecture 1 by imran sir
#Journalentryrevisionlecture1byimransir
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Question 👇
Journalise the following transactions in the books of Gurudas
2019 Jan 01: Gurudas started business with cash Rs.40000
04: Opened Bank A/c in state bank of India by depositing Rs.12000
06: Bought goods (subject to 5% trade discount) worth Rs.18000
07: Sold goods worth Rs.5000
13: Withdrawn goods worth Rs.500 by Gurudas for private use.
16: Received Rs.4000 from Kiran on account.
24: Paid sundry expenses Rs.200
26: Paid to Ramakant Rs.4000 on account
28: Paid insurance premium of rs.2500 on the property of business
30: Cash sales Rs.10000
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