Question

1. Journalize the following transactions of Swoop Traders Jan. 2017 :
(1) Business started with cash Rs.1,00,000.
(2) Opened bank Account with SBI Rs.5,000.
(3) Purchased goods for cash Rs.10,000
(4) Sold goods to Suma Rs.20,000.
(5) Goods returned from Suma Rs.2,000.
(6) Cash received from Suma Rs.17,500 in full settlement of her A/c.
(7) Paid for stationery Rs.1,000.
(8) Paid rent by cheque Rs.4,000.
(9) Drew for personal use Rs.3,000
(10)Purchased furniture on credit from Anu Steels, Hubli Rs.10,000
(11)Salary outstanding Rs.60,000.

Answer 1

Answer:

10) purchased furniture on credit from Anu steels,Hubli Rs.60,000.

Answer 2

Explanation:

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