Question
What are ‘Books of Original Entry'?
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2017
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March 2
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Purchased from Navrang Traders for ₹ 8,300 |
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March 3
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Sold goods to Rohan for ₹ 3,200 |
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March 5
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Bought of Ruchi Traders for ₹ 12,100 |
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March 8
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Rohan returns the goods for ₹ 600 |
| March 10 | Purchased goods from Jaipur Stores of the list price of ₹ 15,400 less 5% Trade Discount |
| March 12 | Sold goods to Arun Traders for ₹ 18,000 less 15% Trade Discount |
| March 12 | Bought of Amit Traders for ₹ 10,000 |
| March 16 | Purchased Machinery from Kirloskar Ltd. ₹ 20,000 |
| March 18 | Returned goods to Jaipur Stores for ₹ 800 less 5% Trade Discount |
| March 19 | Arun Traders returned goods for ₹ 3,000, less 15% Trade Discount |
| March 20 | Sales to Kalpna & Co. for ₹ 14,700 |
| March 22 | Purchased goods from Navrang Traders ₹ 25,000 |
| March 25 | Returns outward to Navrang Traders for ₹ 1,200 |
| March 26 | Sales to Rupa Traders for ₹ 10,000 less 10% Trade Discount |
| March 29 | Returns inward from Kalpana & Co. for ₹ 2,000 |
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2017
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March 4
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Purchased building for ₹ 1,50,000 and incurred expenses of ₹ 10,000 on its purchase.
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March 10
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Satish who owed us ₹ 20,000 is declared insolvent and 60 paise per ₹ is received from his estate.
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March 15
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Paid ₹ 500 for repairing the office furniture.
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March 18
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Proprietor withdrew for his personal use cash ₹ 5,000 and goods worth ₹ 2,000.
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March 20
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Purchased the following items for business: Iron Safe ₹ 15,000; Filing Cabinet ₹ 5,000; Computer ₹ 12,000; Postage ₹ 200 and Stationery ₹ 150
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March 28
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Paid electricity charges ₹ 1,600.
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March 31
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Charge depreciation on Machinery @ 10% for one year (Machinery ₹ 75,000).
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March 31
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Outstanding wages at the end of the year ₹ 6,000.
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2017
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₹
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March 1
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Shyam Sunder & Sons commenced business with cash
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80,000
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March 2
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Purchased goods for cash
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36,000
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March 3
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Machinery purchased for cash
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4,000
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March 4
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Purchased goods from: Raghu
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22,000
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Dilip
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30,000
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March 6
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Returned goods to Raghu
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4,000
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March 8
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Paid to Raghu, in full settlement of his account
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17,500
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March 10
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Sold goods to Mahesh Chand & Co. for ₹ 32,000 at 5% trade discount
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March 13
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Received cash from Mahesh Chand & Co.
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19,800
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Discount allowed
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200
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March 15
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Paid cash to Dilip
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14,850
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Discount received
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150
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March 20
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Sold goods for cash
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25,000
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March 24
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Sold goods for cash to Sudhir Ltd.
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18,000
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March 25
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Paid for Rent
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1,500
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March 26
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Received for Commission
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2,000
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March 28
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Withdrew by Proprietor for his personal use
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5,000
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March 28
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Purchased a fan for Proprietor's house
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1,200
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