Question

19. Journalise the following transaction in the Books of the M/s Bhanu
Traders and Post them into the Ledger.
December, 2017
RS
1. Started business with cash
92.000
2. Deposited into bank
60.000
4. Bought gouds on credit from Himani
40.000
6. Purchased goods from cash
20.000
8. Returned goods to Himani
4.000
10. Sold goods for cash
20.00
36.00​

Answer 1

Explanation:

1. cash a/c....dr 92,000

To capital a/c 92,000

2. Bank a/c...dr 40,000

To cash a/c 40,000

4. puchases a/c....dr 40,000

To himani a/c 40,000

6. puchases a/c....dr 20,000

To cash a/c 20,000

8. himani a/c.....dr 4000

To purchase return a/c 4000

10. cash a/c....dr

To sales a/c