Business, 15.02.2021 19:40 97seouls

Record the following transactions in the books of Omkar for the month of April, 2010. (20)

Balances on 1st April, 2010: Cash in Hand Rs.30000/-, Cash at Bank Rs.50000/-,

Furniture Rs.15000/-, Stock of Goods Rs.40000/-, Sundry Debtors Rs.35000/-, Bills

Payable Rs.18000/-, Sundry Creditors Rs.50000/-.

2010

April 1 Sold goods for cash worth Rs.20000/- at 5% trade discount & 2% cash discount

terms.

2 Purchased goods worth Rs.30000/- from Paarth at 10% trade discount & 5% cash

discount terms, ½ the amount paid in cash & ½ by cheque.

4 Received Rs.1940/- from Prakash in full settlement of Rs.2000/-.

6 Purchased Machinery worth Rs.48000/- & paid Rs.2000/- for it’s installation.

9 Issued a cheque for Rs.12200/- in favour of Nilam who allowed us discount

Rs.300/-

10 Goods worth Rs.350/- distributed as free samples.

12 Received Rs.1000/- from Prathmesh whose account was earlier written off as

bad. Amount due from him was Rs.1200/-.

15 Purchased 10 Shares of ICICI Bank at Rs.750/- each & brokerage paid at 2%.

18 Purchased goods worth Rs.15000/- from Mayuresh at 10% trade discount who

paid Rs.100/- as carriage on our behalf.

20 Paid life insurance premium of Rs.3500/- Omkar’s life insurance policy for

Rs.300000/-

23 Sharada one of the debtors declared as insolvent & 25 paise in a rupee recovered

from her estate as final dividend, amount due from her was Rs.5000/-

25 Placed on order for goods worth Rs.25000/- with Aniket.

27 Bought goods from Vilas of Rs.38000/- at 10% trade discount & paid him 1/3rd

amount after deducting 2% cash discount.

30 Salaries paid by Cash Rs.8000/- & by cheque Rs.7000/-.

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Record the following transactions in the books of Omkar for the month of April, 2010. (20)

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