Question - 21
Give journal entries of M/s Mohit Traders post them to the ledger from the follwing transactions:
2017
Aug. 01 Commended business with Cash Rs. 1,10,000
Aug. 02 Opened bank account with HDFC Rs. 50,000
Aug. 03 Purchased fruniture Rs. 20,000
Aug. 07 Bought goods for cash from M/s Rupa Traders Rs. 30,000
Aug. 08 Purchased goods from M/s Hema Traders Rs. 42,000
Aug. 10 Sold goods for Cash Rs. 30,000
Aug. 14 Sold goods on credit to M/s Gupta Traders Rs. 12,000
Aug. 16 Rent paid Rs. 4,000
Aug. 18 Paid trade exp. Rs. 1,000
Aug. 20 Received cash from Gupta Traders Rs. 12,000
Aug. 22 Goods return to Hema Traders Rs. 2,000
Aug. 23 Cash paid to Hema Traders Rs. 40,000
Aug. 25 Bought postage stamps Rs. 100
Aug. 30 paid salary to Rishabh Rs. 4,000