Question

19. Record the following transactions in Journal :
2015
Jan. 1 Ram started business with cash 10,000 and goods worth 5,000.
Jan. 4 He deposited into bank 9,000.
Jan. 6 Bought goods from Mohan on credit @ 10% trade discount worth 2,500.
Jan. 10 Mohan was paid by cheque 2,000 and balance in cash.
Jan. 14 Sold goods on credit to Bharati 1,000.
Jan. 20 Received a cheque from Bharati 980 and discount allowed *20. The
cheque was deposited into bank on the same date.
Jan. 30 Paid shop rent 500.
Jan. 30 Withdrew for personal use * 1,200.
[Ans. Total of Journal 32,200]​

Answer 1

Answer:

Jan 1.

Cash A/c Dr.10000

Purchases A/c Dr.5000

To Capital 15000

Jan 4.

Bank A/c Dr.9000

To Cash A/c 9000

Jan 6.

Purchases A/c Dr.2250

To Mohan A/c 2250

Jan 10.

Mohan A/c Dr.2250

To Bank A/c 2000

To Cash A/c 250

Jan 14.

Bharati A/c Dr.1000

To Sales A/c 1000

Jan 20.

Bank A/c Dr.980

Discount Allowed A/c Dr.20

To Bharati A/c 1000

Jan 30.

Rent A/c Dr.500

To Cash A/c 500

Jan 30.

Drawings A/c Dr.1200

To Cash A/c 1200