Question

15 Journalise the transactions :
dy Started business with a capital of Rs. 7,500.
(ii) Paid commission to X Rs. 300.
(iii) Purchased goods from Dhar & Co. for Rs. 500.
(iv) Paid Dhar & Co. by cheque Rs. 500.
(v) Deposited cash into bank Rs. 1,000.
(vi) Sold old furniture for cash Rs. 75.
(vii) Paid interest Rs. 100.
(viii) Taken loan from Mr. K Rs. 1,000.​

Answer 1

Answer:

1. cash A/c dr. 7500 To capital 7500. 2. comission A/c dr. 300 To cash 300 .3. purchase A/c dr. 500 To dhar&co. 500. 4.dhar&co.A/c dr. 500 To bank 500. 5. bank A/c dr. 1000 To cash 1000. 6. cash A/c dr. 75 To old furniture 75. 7. Interest A/c dr. 100 To cash 100. 8. cash A/c dr. 1000 To loan 1000