Question

1 Started business with Cash 10,000
6 Bought goods from Vikas * 3,000
9 Sold goods to Bhushan 2,400
12 Paid to Vikas on account * 1,600
19 Received on account from Bhushan 1,000
25 Cash Purchases 3,600
30 Cash Sales 5,000
31 Paid Wages 400

journal entries​

Answer 1

cash A/c Dr. 10000₹

To capital A/c 10000₹

(business started with cash)

purchase A/c Dr. 3000₹

To vikas A/c 3000₹

(purchase from vikas)

bhushan A/c Dr. 2400₹

to sales A/c 2400₹

(sold to bhushan)

vikas A/c Dr. 1600₹

to bank A/c 1600₹

(vikas paid to account)

cash A/c Dr. 1000₹

discount allowed A/c Dr. 1400₹

to bhushan A/c 2400₹

(cash received full settlement)

purchase A/c Dr. 3600₹

to cash A/c 3600₹

(purchase cash)

cash A/c Dr. 5000₹

to sales A/c 5000₹

(sold goods to cash)

wages A/c Dr. 400₹

to cash A/c 400₹

(paid wages)