Question

1. Prepare Journal from the following transactions:
1-1 Business started with cash Rs.200000 and furniture. Rs.40,000.

1-2 Purchased goods from Ramesh Rs.20000

1-3 Purchased vehicle for Rs.10,000. 1-4 Sold goods to Ram & Co. for Rs.15,000.

1-5 Paid to Ramesh Rs.19500 in full settlement.

1-6 Paid by Ram & Co. Rs.14000 in full settlement.

1-7 Withdrew Rs.10,000 from bank for office use.

1-8 Commission received Rs.8000. 1-9 Deposited Rs.10,000 in bank

1-10 Krishna who owes Rs. 18,000 pays Rs.17500 in full settlement.​

Answer 1

Answer:

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