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Pass the necessary journal entries in the books of Reshi Raj,
(a) On 1 April 2023, Cash Purchases ₹20,000.
(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.
(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.
(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.
(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.
(f) On 25 April 2023, Rama returned goods of list price ₹10,000.
(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.?
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Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 ...
Journal Entries for Reshi Raj
1. Cash Purchases on 1 April 2023
- Date: 1 April 2023
- Account Debited: Purchases Account
- Amount: ₹20,000
- Account Credited: Cash Account
- Amount: ₹20,000
2. Sale of Goods to Rama on 9 April 2023
- Date: 9 April 2023
- Account Debited: Debtors Account (Rama)
- Amount: ₹54,000 (after 10% trade discount on ₹60,000)
- Account Credited: Sales Account
- Amount: ₹54,000
3. Purchase from Vinod on 11 April 2023
- Date: 11 April 2023
- Account Debited: Purchases Account
- Amount: ₹27,000 (after 10% trade discount on ₹30,000)
- Account Credited: Creditors Account (Vinod)
- Amount: ₹27,000
4. Return of Goods to Vinod on 18 April 2023
- Date: 18 April 2023
- Account Debited: Creditors Account (Vinod)
- Amount: ₹2,000
- Account Credited: Purchases Return Account
- Amount: ₹2,000
5. Cash Payment to Vinod on 22 April 2023
- Date: 22 April 2023
- Account Debited: Creditors Account (Vinod)
- Amount: ₹24,000
- Account Credited: Cash Account
- Amount: ₹24,000
6. Return of Goods by Rama on 25 April 2023
- Date: 25 April 2023
- Account Debited: Sales Return Account
- Amount: ₹9,000 (after 10% trade discount on ₹10,000)
- Account Credited: Debtors Account (Rama)
- Amount: ₹9,000
7. Cash Payment from Rama on 28 April 2023
- Date: 28 April 2023
- Account Debited: Cash Account
- Amount: ₹43,000
- Account Credited: Debtors Account (Rama)
- Amount: ₹43,000
These journal entries record all transactions accurately following standard accounting principles.
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Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 April 2023, Cash Purchases ₹20,000.(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.(f) On 25 April 2023, Rama returned goods of list price ₹10,000.(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.?
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Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 April 2023, Cash Purchases ₹20,000.(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.(f) On 25 April 2023, Rama returned goods of list price ₹10,000.(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.? for CA Foundation 2024 is part of CA Foundation preparation. The Question and answers have been prepared according to the CA Foundation exam syllabus. Information about Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 April 2023, Cash Purchases ₹20,000.(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.(f) On 25 April 2023, Rama returned goods of list price ₹10,000.(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.? covers all topics & solutions for CA Foundation 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 April 2023, Cash Purchases ₹20,000.(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.(f) On 25 April 2023, Rama returned goods of list price ₹10,000.(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.?.
Solutions for Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 April 2023, Cash Purchases ₹20,000.(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.(f) On 25 April 2023, Rama returned goods of list price ₹10,000.(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.? in English & in Hindi are available as part of our courses for CA Foundation. Download more important topics, notes, lectures and mock test series for CA Foundation Exam by signing up for free.
Here you can find the meaning of Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 April 2023, Cash Purchases ₹20,000.(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.(f) On 25 April 2023, Rama returned goods of list price ₹10,000.(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.? defined & explained in the simplest way possible. Besides giving the explanation of Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 April 2023, Cash Purchases ₹20,000.(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.(f) On 25 April 2023, Rama returned goods of list price ₹10,000.(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.?, a detailed solution for Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 April 2023, Cash Purchases ₹20,000.(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.(f) On 25 April 2023, Rama returned goods of list price ₹10,000.(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.? has been provided alongside types of Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 April 2023, Cash Purchases ₹20,000.(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.(f) On 25 April 2023, Rama returned goods of list price ₹10,000.(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.? theory, EduRev gives you an ample number of questions to practice Pass the necessary journal entries in the books of Reshi Raj,(a) On 1 April 2023, Cash Purchases ₹20,000.(b) On 9 April 2023, Sold goods to Rama at the list price of ₹60,000 at a trade discount of 10%.(c) On 11 April 2023, Vinod sold goods to us worth ₹30,000 at a 10% trade discount.(d) On 18 April 2023, Returned goods to Vinod at the list price of ₹2,000.(e) On 22 April 2023, Paid cash to Vinod ₹24,000 in full settlement.(f) On 25 April 2023, Rama returned goods of list price ₹10,000.(g) On 28 April 2023, Rama paid ₹43,000 in full settlement of his account.? tests, examples and also practice CA Foundation tests.
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