Question

1x12-12
Answer the following questions carries TWELVE-marks
Journalise the following transactions:
2019
April 1
Started business with cash Rs.50000
April 5
Deposited in to bank Rs. 10000
April 7
Purchased goods from Jagadeesh on credit Rs.5000
April 9
Sold goods to Nagaraj for cash Rs.10000
April 11
Paid amount to Jagadeesh Rs.4500 in full settlement of his account
April 13
Paid for travelling expenses Rs.500
April 15
Took goods from business for domestic use at Rs.1000
April 17
Sold goods to Rajesh for Rs.30000
April 20
Cash drew from bank for office use Rs.2000
April 22
Paid for advertisement Rs.2000 by cheque
April 30
Paid Rajesh Rs.28000 in full settlement of his account Rs.30000​

Answer 1

Explanation:

April 1 cash a/c Dr 50000

to capital a/c 50000

April 5 bank a/c Dr 10000

to cash a/c 10000

April 7 purchase a/c Dr 5000

to jagdeesh 5000

April 9 cash a/c Dr 10000

to sales a/c 10000

April 11 jagdeesh Dr 5000

to cash a/ c 4500

to discount a/c 500

April 13 traveling exp.. a/c Dr 500

to cash a/c 500

April 15 drawing a/c Dr 1000

to purchase a/c 1000

April 17 rajesh Dr 30000

to sales a/c 30000

April 20 cash a/c Dr 2000

to bank a/c 2000

April 22 advertisement exp. a/c Dr 2000

to bank a/c 2000

April 30 cash a/c Dr 28000

discount a/c Dr 2000

to rajesh's 30000

if any default in this answer please answer me ...... if default is happening ....

thanks...........