Answer to Question #222052 in Economics for JESSY

Question

 B. Pass the Following Entries in Osaka Corporation.         (5 Marks) 

 

1. Capital Introduced in organization in Bank Rs. 1,00,000/- & in Cash Rs. 55,000/- on 1st April 2021. 2. Cash Deposited in bank on 2nd April 2021 Rs. 25,000/-.

3. Purchase of Rs. 45,000/- on 1st May 2021 from XYZ Inc.

4. Sales to ABC & Co. of Rs. 38,000/- on 31st May 2021. 

5. Rent Paid Rs. 15,000/- by Cheque on 2nd June 2021.

6. Commission receivable dues Rs. 6,000/- on 1st July 2021.

7. Commission received in bank Rs. 5,000/- on 31st July 2021.

8. Cash withdrawn from Bank Rs. 9,000/- on 2nd August 2021.

9. Debit Note Sent to XYZ Inc. For Rs. 2,500/- on 1st Oct 2021.

10. Debit Note issued by ABC & Co. for Rs. 2,000/- on 1st Nov 2021. (You have to pass Credit Note.)

Answer 1

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