1. Journalise the following transactions in the Journal of Rakesh, Delhi and post them to
the Ledger
March
Mach 2
March 4
March 5
March 8
March 10
Started business with cash
Opened bank account with SBI
Goods purchased from Raj
Goods purchased for cash
Goods sold to Naman
Cash paid to Raj
March 15 Cash received from Naman
Discount allowed
Paid wages
Furniture purchased for office use Withdrawn from bank for personal use
starch 16
March 18
March 20
March 23 Goods taken for personal purpose. These goods were purchased from Raj..
March 24 Drawn cash from bank for office use
March 26
March 27
Commission received.
Bank charges.
March 28 Cheque issued for life insurance premium of proprietor.
March 29
Paid salary.
March 30 Cash sales
80,000
22,000
30,000
12,000
22,000
11,700
300
200
5,000
4,000
2,000
6,000
1,000
300
3,000
10,000
20,000
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