1. Pass necessary Journal entries for
2020
April 1 Business started with cash
April 2 Goods purchased for cash......
April 3 Goods purchased from Pankaj on credit
April 5 Goods sold to Naresh on credit .......
April 7 Goods returned to Pankaj
April 9 Goods returned by Naresh........
April 10 Cash paid to Ajay
April 12 Commission received......
April 15 Furniture purchased
April 16 Rent paid to Amit .........
April 19 Sold goods to Sumit for cash ...
April 24 Cash sales ..........
April 30 Cash received from Naresh on account
April 30 Salaries paid.......
Answers
April.1 cash ac dr
to capital ac.
2. purchases a/c. dr
to cash a/c
3. purchases a/c dr.
to Pankaj
5. Naresh dr.
to sales a/c
7. Pankaj dr.
to purchase return a/c
9. Sales return a/c dr.
to Naresh
10. Ajay dr.
to cash a/c
12. cash a/c dr.
to commission a/c
15. furniture a/c dr.
to cash a/c
16. Amit dr.
to cash a/c
19. Cash a/c dr.
to sales a/c
24. Cash a/c dr.
to sales a/c
30. Cash a/c dr.
to naresh
explanation for 30. if u got the money in cash then above entry will be used but if u have got on your bank a/c then replace cash a/c to bank a/c
30. Salaries a/c dr.
to cash a/c
------- Hopefully this will help u and one more thing do the narration on yourself if necessary