1. Commenced business with Rs. 15000, goods of Rs. 3000 & Building Rs. 12000.
2. Purchase goods for Rs. 1000.
3. Sold goods to Pallavi for Rs. 15000.
4. Sold goods for Rs. 2000.
5. Paid office rent Rs. 200.
6. Paid cash to Dhanashi Rs. 500.
7. Received Commission Rs. 100.
8. Returned goods by Pallavi of Rs. 150.
9. Withdrawn Rs. 2000 for personal use.
Answers
Answer:
Journal Entries
Explanation:
1- Cash A/c Dr. 15,000
Purchase A/c Dr 3,000
Building A/C Dr 12,000
To Capital A/c 30,000
( Started business with cash)
2-Purchases A/c Dr. 1,000
To Cash A/c 1,000
( Goods purchased for cash)
3- Purchases A/c Dr. 15,000
To Pallavi A/c 15,000
(Goods purchased from pallavi )
4- Cash A/C dr 2000
To Sales A/C 2000
( being good sold)
5-Rent A/c Dr. 200
To Cash A/c 200
(Paid office rent)
6- Dhanashi A/c Dr 500
To cash A/c 500
( Paid cash)
7- Commission A/c Dr 100
To Cash A/C 100
( Commission paid )
8- Sales Return A/c dr 150
To pallavi A/C 150
(being goods retuned )
9- Drawings a/c Dr 2000
To cash a/c 2000
( being goods taken for personal use)
Commenced business with Rs. 15000, goods of Rs. 3000 & Building Rs. 12000.
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Commenced business with rs 15000,goods of rs 3000, and building rs 12000
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