Journal Entry
Chapter - 4
Question - 9
Journalise the following transaction:
2006
Feb. 01 Ramesh Shrivastava started business with cash Rs. 5,00,000, Goods Rs. 1,00,000 and Machine Rs. 2,00,000
Feb. 02 Purchased goods on credit from: Sharad Rs. 30,000, Rajat Rs. 40,000 and Bhagat Rs. 60,000
Feb. 05 Sold goods on credit to : Jeorge Rs. 10,000, Avinash Rs. 15,000 and Kaleem Rs. 35,000
Feb. 18 Paid Expenses : Salary Rs. 700, Stationery Rs. 800, Cartage Rs. 900 and Interest Rs. 1,000
Feb. 28 purchased from Ram and Sohan each goods Rs. 10,000 in cash and Rs. 20,000 on credit.
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