Question

1. Journalise the following transactions of Swoop Traders: 2017-Jan 01) Business stared with cash 1. 00.000 Opened bank Account with SBI 5000 03 a) Purchased goods for cash. 10,000 o al Sold goods to Suma: 20,000 ods! Goods returned from Suma 2,000 2a Cash received from Suma'. 17.500 in full settienent of her A/c. Can Paid for stationary : 1,000 Paid rent by cheque 4,000 17 Drew for personal use Rs. 3,000 13 Purchased fumiture on credit from Anu Steels, Hubli 10,000 Salary outstanding. 60,000​

Answer 1

Answer:

2017 Jan 01 Started business with cash Rs. 50,000. Jan 05 Deposited into Bank Rs. 10,000. Jan 07 Purchased goods from Jagadish on credit for Rs. 5,000. Jan 09 Sold goods to Nagaraj for cash Rs.10,000. Jan 11 Paid cash to Jagadish Rs. 4,000. Jan 13 Paid for travelling expenses Rs. 500. Jan 15 Took goods from business for domestic use Rs.1,000. Jan 17 Outstanding Salary Rs.800. Jan 20 Credit Sales made to Raju Rs. 10,000. Jan 22 Paid for advertisement Rs. 2,000. Jan 25 Paid in as further capital Rs.12,000. Jan 27 Purchased Office Furniture Rs.3,000.Read more on Sarthaks.com - https://www.sarthaks.com/217156/journalise-the-following-transaction-2017-jan-01-started-business-with-cash-rs-50-000