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Q1 Journalise the following transactions in the books of Pritham Medical Stores:APRIL 20211. Started business with cash90,000, Stock of goods 40,000, Computer 40,000,Furniture 15,0002. Purchased goods of 50.000 at 10% trade discount from Karim3. Sold goods of 20,000 to Shivam at 10% trade discount.4. Received cash 17,000 from Shivam in full settlement of his account.5. Goods worth 2.000 lost by theft.6. Sold furniture for cash 20,000 @ 5% GST7. Received commission 1,500 and interest 1,000.8. Purchased goods of * 22,000 from Ishaan @ 12% GST and paid half amount by chequeIshaan allowed a 10% cash discount.9. Sold Machinery of 30,000 to Riya at 10% trade discount and 18% GST. Half amountcheque was received for which we allowed 10% cash discount. |
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