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Q1. You are required to pass the journal entries for the following transactions. ...

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Accounting

Q1. You are required to pass the journal entries for the following transactions.
Sold goods to Ms. AVN Entreprises worth Rs.30,000
Purchase goods worth Rs.50.000 from Ravi and paid cash.
Paid advance to Mr. Avi Rs.20,000.
Purchased a computer for Rs.50.000 and paid through the bank.
Employee welfare expenses of the proprietor were R$.20,000
Interest paid on a term loan of Rs.10,000
Outstanding Rent paid through the bank Rs.20,000
Commission paid to Ms. Jason Rs.20.000
Charge depreciation at 15% on plant and machinery having a book value of Rs.100000
Goods withdrawn for personal use by the proprietor: Rs.20,000

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