Question

10 Give the Journal Entries for the following transactions. Date Particulars Rs. 2018 April 1 Commenced Business with Cash 10,000 3 Deposited in SBI 6,000 5 Bought from Madhavi goods 1,500 9 Sold Goods to Gupta 650 12 Paid Cash to Madhavi 1,490 Discount Received 10 15 Cash Received from Gupta 625 Discount Allowed 25 20 Furniture purchased 300 22 Drew cash from Bank for personal use 600 30 Paid Rent 200 30 Salary due to clerk 300​

Answer 1

1. cash a/c

To capital a/c

(being business started with cash) 10000

2. back a/c

To cash a/c

( being cash deposited into bank). 6000

3