Question

10,000
Q.9. Journalise the following transactions :
2008
Jan. 1 Paid into bank for opening a Current Account
3 Goods sold for 350,000 and the amount was deposited into the bank
7 Amount withdrawn from bank .
10 Goods sold for Cash
12 Amount deposited into bank
14 Goods purchased and payment made by cheque
20,000
15,000
12,000
25,000​

Answer 1

Answer:

jan 1- bank a/c     ...dr.

           to cash a/c

jan 3- cash a/c   ...dr 350000

             to sales                     350000

         bank a/c    ..dr 350000

             to cash                     350000

( being cash deposited into bank)

jan 7-cash a/c   ...dr.

           to bank

jan 10- cash a/c    ..dr

              to sales a/c

jan 12- bank a/c  ...dr

              to cash a/c

jan 14- purchases a/c   ...dr.

               to bank a/c

           

Explanation: