Journalise the following transactions in books of Shri Vignesh for the months of April, 2011.
April
1 Vignesh started business with cash Rs. 1,25,000/- out of which Rs. 75,000/-borrowed from his father-in-law Mr. Dixit.
2 He purchased furniture worth Rs. 20,000/- for office use and paid from his private bank account.
5 Purchase goods worth Rs. 30,000/- at 10% trade discount.
6 Sold half of the above goods for Rs. 16,000/- at 5% trade discount.
8 Purchased goods worth Rs. 20,000/- from Mr. Nagesh and paid him half the amount at 2% cash discount.
10 Sold the remaining goods purchased on 5th April to Mr. Kartik for Rs. 17,000/-
13 Paid Rs. 9,850/- to Mr. Nagesh in full settlement.
15 Cash sales Rs. 8,000/-.
17 Paid for life insurance premium Rs. 2,500/-
20 Bought a cell-phone for office use Rs. 5,000/- and a new SIM card for Rs. 500/-.
22 Mr. Kartik settled his account by paying Rs. 16,500/-
25 Opened a current account in ICICI Bank by depositing Rs. 10,000/-
27 Sold goods to Aniket Rs. 10,000/- and paid Rs. 150/- as carriage on behalf of Aniket
29 Paid Rs. 1,000/- by cheque as subscription of Business India and India Today magazines.
30 Placed an order for purchase of goods worth Rs. 15,000/- and sent Rs. 5,000/- as advance
July 26, 2024
