Question

15. Journalise the following transactions in the books of Ashish :
i Ashish started business with cash 1,00,000
Mar 3 Rent of the residence of proprietor paid 10,000.
Mar 5 Paid 6,000 to Yogender for commission
Mar 9 Received 12,000 from Arvind on account
Mar11 Received 7,000 from Kiran for interest.
Mar 13 Additional capital introduced in the business 50,000
Mar 19 Withdrew cash 11,000 from the business for personal use.
Mar 21 Paid to Gopal on account 9,000.
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Answer 1

Ashish stated with 100000,he got 53,000

Answer 2

Answer:

1) capital A/c 1,00,000

To cash A/c. 1,00,000

2) cash A/c 10,000

To rent A/c. 10,000

3) commission A/c 6000

To cash A/c. 6000

4) cash A/c 12,000

to Arvind. 12000

5) cash A/c 7000

To Kiran A/c. 7000

6) capital A/c 50,000

to cash A/c. 50,000

7) drawing A/c 11,000

to cash A/c. 11,000

8) gopal. 9,000

to cash A/c. 9,000