Question

10. Journalise the following transaction in the books of Subham.
2015
Jan 1 Commenced business with cash 1,00,00 Buildings valued at
5,00,000 and stock 40,000
2 Deposited in bank 75,000
4 Sold household furniture for 10,000 and invested the money
into business
8 Withdrawn Cash 5,000, goods cost * 6,000 (Selling price
* 7,500) from business for personal use.
9 Paid Life Insurance premium * 10,000, Income Tax 9,000 and
for Bicycle for Son 5,000
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Answer 1

10. Journalise the following transaction in the books of Subham.

2015

Jan 1 Commenced business with cash 1,00,00 Buildings valued at

5,00,000 and stock 40,000

2 Deposited in bank 75,000

4 Sold household furniture for 10,000 and invested the money

into business

8 Withdrawn Cash 5,000, goods cost * 6,000 (Selling price

* 7,500) from business for personal use.

9 Paid Life Insurance premium * 10,000, Income Tax 9,000 and

for Bicycle for Son 5,000

Answer 2

Answer:

commenced business with cash. 100000