Question

10. Ram house by preparing the analysis table. Also record the transactions in Journal.
a) Business commenced with a capital of Rs. 6,00,000.
b) Rs. 4,50,000 deposited in a bank account.
c) Rs. 2,30,000 plant and Machinery Purchased by paying Rs. 30,000 cash immediately.
d) Purchased goods worth Rs. 40,000 for cash and Rs. 45,000 on account.
e) Paid a cheque of Rs. 2,00,000 to the supplier for plant and Machinery.
f) Rs. 70,000 cash sales (of goods costing Rs. 50,000).
g) Withdrawn by the proprietor Rs. 35,000 cash for personal use
h) Insurance paid by cheque of Rs. 2,500.
i) Salary of Rs. 5,500 outstanding.
j) Furniture of Rs. 30,000 purchased in cash

Answer 1

Answer:

1. cash a/c dr. 6,00,000

to capital a/c 6,00,000

2. bank a/c dr. 4,50,000

to capital a/c 4,50,000

3.plant and machinery a/c dr. 2,30,000

to cash a/c 30,000

to creditor a/c 2,00,000

4. purchase a/c dr 85,000

to cash a/c 40,000

to creditor a/c 45,000

5 creditor a/c dr.2,00,000

to bank a/c 2,00,000

6. cash a/c dr.,70,000

to sales a/c 70,000

7. Drawings a/c dr. 35,000

to cash a/c 35,000