Journalize the following transactions in the books of Nancy Ltd. Rs. in lakhs 4,500 2,500 1,500 500 2003 March 1 Started business with Cash 1 Paid into bank 2 Goods purchased for Cash 3 Purchase of furniture and payment by cheque Sold goods for cash 8 5 600 Sold goods to Rosy 10 Goods Return to Thomas 400 Goods Purchased from Thomas 700 12 100 15 Sold goods to Rahavan for cash 250 18 Cash received from Rosy Rs.396 & discount allowed to her Rs.4 Withdraw from bank for private use Withdraw from bank for use in the business Paid telephone rent for one year Cash paid to Rosy in full settlement of her account Paid for 21 100 21 500 25 40 28 594 Stationery Rent paid 30 20 100 Salaries to Staff 250
Journalize the following transactions in the books of Nancy Ltd. Rs. in lakhs 4,500 2,500 1,500 500 2003 March 1 Started business with Cash 1 Paid into bank 2 Goods purchased for Cash 3 Purchase of furniture and payment by cheque Sold goods for cash 8 5 600 Sold goods to Rosy 10 Goods Return to Thomas 400 Goods Purchased from Thomas 700 12 100 15 Sold goods to Rahavan for cash 250 18 Cash received from Rosy Rs.396 & discount allowed to her Rs.4 Withdraw from bank for private use Withdraw from bank for use in the business Paid telephone rent for one year Cash paid to Rosy in full settlement of her account Paid for 21 100 21 500 25 40 28 594 Stationery Rent paid 30 20 100 Salaries to Staff 250
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:Journalize the following transactions in the books of Nancy Ltd.
2003 March
Rs. in lakhs
1
Started business with Cash
4,500
2,500
1
Paid into bank
Goods purchased for Cash
3
1,500
Purchase of furniture and payment by cheque
Sold goods for cash
Sold goods to Rosy
Goods Purchased from Thomas
Goods Return to Thomas
15
500
5
600
400
10
700
12
100
Sold goods to Rahavan for cash
18
250
Cash received from Rosy Rs.396 & discount allowed to her Rs.4
Withdraw from bank for private use
Withdraw from bank for use in the business
Paid telephone rent for one year
Cash paid to Rosy in full settlement of her account
Paid for
21
100
21
500
25
40
28
594
Stationery
Rent paid
30
20
100
Salaries to Staff
250
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