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Journalise the following transactions in the books of Raja Ram: (1) Received 19,000 from Shyam on his account for 20,000.
(ⅱ) Received 19,000 from Bharat in settlement of his account for 20,000.
(iii) Paid 9,000 to Mohan on his account for ₹ 10,000.
(iv) Paid 9,000 to Sohan in settlement of his account for₹10,000.
(v) Goods costing 3,000 distributed as sample (Sales Price 4,000).
(vi) Paid Income Tax 20,000 by cheque.
(vii) Paid Life Insurance Premium₹ 5,000 by cheque.
(vii) Goods destroyed by fire (Sales Price₹ 5,000, Cost₹4,000).?
Most Upvoted Answer
Journalise the following transactions in the books of Raja Ram: (1) Re...
Transactions in the books of Raja Ram:

Received 19,000 from Shyam on account for 20,000:
- Debit: Cash A/c - 19,000
- Credit: Shyam A/c - 19,000

Received 19,000 from Bharat in settlement of his account for 20,000:
- Debit: Cash A/c - 19,000
- Credit: Bharat A/c - 19,000

Paid 9,000 to Mohan on account for 10,000:
- Debit: Mohan A/c - 9,000
- Credit: Cash A/c - 9,000

Paid 9,000 to Sohan in settlement of his account for 10,000:
- Debit: Sohan A/c - 9,000
- Credit: Cash A/c - 9,000

Goods costing 3,000 distributed as sample (Sales Price 4,000):
- Debit: Samples A/c - 3,000
- Credit: Purchases A/c - 3,000

Paid Income Tax 20,000 by cheque:
- Debit: Income Tax A/c - 20,000
- Credit: Bank A/c - 20,000

Paid Life Insurance Premium 5,000 by cheque:
- Debit: Life Insurance Premium A/c - 5,000
- Credit: Bank A/c - 5,000

Goods destroyed by fire (Sales Price 5,000, Cost 4,000):
- Debit: Loss by Fire A/c - 4,000
- Credit: Purchases A/c - 4,000
By following these journal entries, the transactions are accurately recorded in the books of Raja Ram, ensuring proper accounting of all financial activities.
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Journalise the following transactions in the books of Raja Ram: (1) Received 19,000 from Shyam on his account for 20,000.(ⅱ) Received 19,000 from Bharat in settlement of his account for 20,000.(iii) Paid 9,000 to Mohan on his account for ₹ 10,000.(iv) Paid 9,000 to Sohan in settlement of his account for₹10,000.(v) Goods costing 3,000 distributed as sample (Sales Price 4,000).(vi) Paid Income Tax 20,000 by cheque.(vii) Paid Life Insurance Premium₹ 5,000 by cheque.(vii) Goods destroyed by fire (Sales Price₹ 5,000, Cost₹4,000).?
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Journalise the following transactions in the books of Raja Ram: (1) Received 19,000 from Shyam on his account for 20,000.(ⅱ) Received 19,000 from Bharat in settlement of his account for 20,000.(iii) Paid 9,000 to Mohan on his account for ₹ 10,000.(iv) Paid 9,000 to Sohan in settlement of his account for₹10,000.(v) Goods costing 3,000 distributed as sample (Sales Price 4,000).(vi) Paid Income Tax 20,000 by cheque.(vii) Paid Life Insurance Premium₹ 5,000 by cheque.(vii) Goods destroyed by fire (Sales Price₹ 5,000, Cost₹4,000).? for Commerce 2024 is part of Commerce preparation. The Question and answers have been prepared according to the Commerce exam syllabus. Information about Journalise the following transactions in the books of Raja Ram: (1) Received 19,000 from Shyam on his account for 20,000.(ⅱ) Received 19,000 from Bharat in settlement of his account for 20,000.(iii) Paid 9,000 to Mohan on his account for ₹ 10,000.(iv) Paid 9,000 to Sohan in settlement of his account for₹10,000.(v) Goods costing 3,000 distributed as sample (Sales Price 4,000).(vi) Paid Income Tax 20,000 by cheque.(vii) Paid Life Insurance Premium₹ 5,000 by cheque.(vii) Goods destroyed by fire (Sales Price₹ 5,000, Cost₹4,000).? covers all topics & solutions for Commerce 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Journalise the following transactions in the books of Raja Ram: (1) Received 19,000 from Shyam on his account for 20,000.(ⅱ) Received 19,000 from Bharat in settlement of his account for 20,000.(iii) Paid 9,000 to Mohan on his account for ₹ 10,000.(iv) Paid 9,000 to Sohan in settlement of his account for₹10,000.(v) Goods costing 3,000 distributed as sample (Sales Price 4,000).(vi) Paid Income Tax 20,000 by cheque.(vii) Paid Life Insurance Premium₹ 5,000 by cheque.(vii) Goods destroyed by fire (Sales Price₹ 5,000, Cost₹4,000).?.
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