Page 49 - DEBK-XI(2020)

8.18 Double Entry Book Keeping — CBSE XI

April 30 Interest A/c ...Dr. 1,000
To Anita’s Loan A/c 1,000
(Being the interest payable on Anita’s Loan ` 1,00,000
@ 12% p.a. for one month)
April 30 Cash A/c ...Dr. 4,850
Travelling Expenses A/c ...Dr. 150
To Sales A/c 5,000
(Being ` 5,450 cash received for sales from salesman after
deducting his travelling expenses ` 150)
April 30 Cash A/c ...Dr. 10,800
To Sales A/c 10,800
(Being the sales of goods worth ` 12,000 less 10% trade discount)
April 30 Furniture A/c (New) ...Dr. 50,000
To M/s. Rohan Furnitures 50,000
(Being the new furniture purchased for ` 50,000)
April 30 M/s. Rohan Furnitures ...Dr. 5,000
To Miscellaneous Sales A/c* 5,000
(Being the old furniture having nil book value given in exchange)
*Sale of old Furniture having Book Value Nil.