1. Journalise the following Transactions :
(i) Mr. Aneet started business with cash 2,000.
(ii) Goods purchased for cash 1,000.
(iii) Goods sold for cash 15,000.
(iv) Started business with cash 60,000.
(v) Cash deposited into bank 50,000.
(vi) Received house rent from Rahamat 2,000.
Answers
Required Journal Entries :-
Transaction 1 :
Cash A/c . . . Dr - 2,000
- To capital A/c - 2,000
( Being started business with cash )
Transaction 2 :
Purchase A/c . . . Dr - 1,000
- To cash A/c - 1,000
( Being goods purchased for cash )
Transaction 3 :
Cash A/c . . . Dr - 15,000
- To sales A/c - 15,000
( Being goods sold )
Transaction 4 :
Cash A/c . . . Dr - 60,000
- To capital A/c - 60,000
( Being started business with cash )
Transaction 5 :
Bank A/c . . . Dr - 50,000
- To cash A/c - 50,000
( Being deposited cash into bank )
Transaction 6 :
Cash A/c . . . Dr - 2,000
- To rent A/c . . . 2,000
( Being rent recieved )
Answer:
1. cash account. Dr. 2,000
to Capital account.
2. purchase account. Dr. 1,000
to cash account
3. cash account. Dr. 15,000
to sales account
4. cash account. Dr. 60,000
to Capital account
5. bank account. Dr. 50,000
to cash account
6. perceived house rent account. Dr. 2,000
to cash account