Total amount of bill paid by Dev in the month of June for all commodities =123+150+324+134=Rs.731
Basu accepted a bill drawn by Nandu amounted to Rs.4,000 and payable after four months. Nandu discounted it with banker @ 18% per annum. On the due date,bill was dishonored. Bank paid Rs.40 as noting charges.After on month Basu paid the amount due to Nandu. Pass Journal entries in the books of Nandu only.
Raghav started a real extate agency business with a cash investment of Rs. 42,000. The following business transactions have been recorded (i) Paid 3 months advance rent for office accommodation Rs.2,520 (ii) Bought car for office Rs.25,200 (iii) Purchased office furniture Rs. 8,400. (iv) Bought office typewriter from Comprehensive Company Rs. 3,600. (v) Sold extra office furniture at cost to Amar for Rs. 1,200. Amar paid Rs. 720 in cash and accepted a bill at 3 months for the balance. (vi) Veer paid the amount of the bill at maturity and Amar paid half the amount he owed to comprehensive comany. (vii) Collected Rs. 7,200 as commission. (viii) Paid telephone bill amounting Rs. 180.