Started business by bringing in cash worth Rs 200000 out of which paid into bank Rs 80000
Bought furniture for Rs 20000 and machinery Rs 40000
Purchased goods for Rs 56000 Sold goods for Rs 32000 Purchased goods from jain and company on credit Rs 44000 Received cash from travelling salesman Rs 800 for goods sold by him Bought 100 shares in PQ and Co., ltd at Rs120 and paid brokerage Rs 80 Goods worth Rs 4000 which were defective were returned to jain & co., and balance amount due to them was settled by issuing a cheque in their favor. Paid for donations Rs 402 Sold 40 shares of PQ & Co., Ltd at Rs.130 per shares and paid brokerage Rs 80 Sold goods to ramya for Rs 10000 on credit Sold goods to Mr. Lal & co., for Rs 8000 for cash Bought one delivery van for Rs 300000from the Delhi motor co., payment to be made by monthly installment of Rs 20000each together with interest at 9%. First installment paid by cheque. Bought furniture for resale Rs 4000 Charged depreciation on machinery Rs 1000 Deposited a cheque into bank for Rs 6000 Cheque deposited was dishonored Purchased goods worth Rs 50000, less 20% trade discount and 5% each discount. Purchased a motor car in exchange of goods Rs 20000 and cash Rs 30000 Raj kumar became insolvent and only a dividend of 50 paisa is received from his estate. (his due 50000) Cash Rs 5000 is withdrawn by the proprietor for personal use. Stated business with the following cash Rs 1500, cash at bank Rs 3500, goods in hand Rs 3000, furniture Rs 2000 and building Rs 10000. Furniture costing Rs 300 was destroyed by fire Rs 10. Received a cheque from Naresh for Rs. 930 in full settlement and sent the cheque to bank. (due 950) Dividend received by the bank 500 Took loan from c 5000 and bank 6000 Gave loan to D 4000 Rent due to e land lard 1000 Common and important business transaction