00:01
Hello students, in this question we have to pass out the general entries.
00:04
So for passing out the general entry, first transaction is, will be plant account debit, carriage account debit, installation charges, account debit to mohan stores.
00:32
So plant amount will be 32 ,000, 1000 carriage and installation charges 2000 and total will be the sum of this which is 35 ,000.
00:43
Second general entry will be purchase account debit, carriage account debit, cash discount and to cash.
01:00
There is a trade discount also.
01:02
So we will be deducting that which is 20 ,000 minus 20 ,000 into 10%.
01:08
So it will give us 18 ,000.
01:13
So carriage amount is 500, cash discount of 290.
01:18
Now the cash which is paid is 18 ,790.
01:22
Third general entry will be machinery account, repair account, carriage account to cash.
01:38
So machinery account 15 ,000, 4 ,500 repair and carriage 500 to cash it is, it will be 20 ,000.
01:50
Fourth general entry will be paid repair charges...