Pass the necessary Journal entries for …
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Pass the necessary Journal entries for the following transactions: 1.) Deposited in bank for opening a Current Account ₹10,000. 2.) Withdrawn from bank ₹5,000. 3.) Received a cheque from Ramesh to whom goods were sold for ₹12,000 last year. Allowed him 1% discount on payment. 4.) Ramesh's cheque deposited in bank. 5.) Ramesh's cheque dishonoured (bank charges ₹20). 6.) Ramesh settled his account by issuing cheque including ₹60 for interest ₹12,080. 7.) Cash directly deposited by Raja (Customer) in bank account ₹8,000. 8.) Bank draft got issued in favour of M/s Lal & Sons ₹5,000. Bank charges ₹700. 9.) A bill of exchange of ₹4,000 (due after one month) discounted from bank for ₹3,800. 10.) Bank charges debited by bank ₹400. 11.) Goods sold for cash ₹7,000 and half of the sale proceeds deposited in bank.
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Tanveer Zaidi 3 years, 1 month ago
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