Question

1. Write journal entries for the following transactions and post them into ledger.
(a) Brought Rs. 3,50.000 in business. From this Rs. 2,30,000 deposited in bank.
(b) Cash Purchases Rs. 20,000 and Cash sales Rs. 25,000.
(c) Credit sales to Ramu of Rs. 10,000.
(d)Paid salary RS. 10,000 and received commission of Rs 20,000​

Answer 1

Answer: cash a\c dr 580000

to bank a\c 580000

cash a\c dr 20000

to purchase a\c 20000

Ramu a\c dr 10000

to creditor a\c 10000

salary a\c dr  10000

to cash a\c 10000

commision a\c dr 20000

to cash a\c 20000

Explanation: your questions is very good