15. Journalise the following transactions and post them to the Ledger.
2018
January
Rs.
1
Started business with cash
50,000
2
Purchased goods from Prasad 2,000
5
Sold goods to Prem
5,000
7
Cash purchases
4,000
10
2,500
15 Purchased goods from Perm
4,000
18 Sold goods to Anand
6,000
21
Purchased goods from Cherian 3,000
23
Paid interest
750
25 Purchased goods from Anand 4,000
28
Cash received from Prem
3,500
29 Cash paid to Cherian
3,000
30
Paid Rent
2,000
Answers
Answer:
1=cash50000
to capital 50000
2=purchase2000
to parsad2000
3=prem5000
to sales5000
4=purchase4000
to cash4000
5=purchase4000
to prem4000
6=anand6000
to sales6000
7=purchase3000
to cherian 3000
8=purchase 4000
toanand4000
9=cash3500
Prem 3500
10=cherian3000
to cash3000
11=rent2000
to cash2000
12=interest750
to cash750
Answer:
2016 2016
May 01 Capital A/c 25,000 May 03 Purchases A/c 10,000
May 04 Sales A/c 6,000 May 03 Carriage A/c 200
May 10 Ram 1,000 May 12 Shiv Kumar 2,600
May 15 Sales A/c 8,400 May 18 Furniture A/c 5,000
May 27 Commission A/c 1,500 May 20 Advertisement A/c 500
May 24 Mahesh 4,000
May 25 Wages A/c 400
May 28 Drawings A/c 2,200
May 31 Salary A/c 700
May 31 Balance c/d 16,300
41,900 41,900
June 01 Balance b/d 16,300
Explanation:
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