Question

2(B). Record the
howing transactions in the jou
2020
Started business with cash
Bought goods for cash
May 6 Sold goods to Mohan
May 9 Bought goods from Sumit
May 12 Sold goods to Ramesh for cash
May 1
May 3​

Answer 1

Answer:

Journal Entry

Explanation:

Cash A/c ... Dr.

To Capital A/c

( Being started business with cash)

Purchase A/c ....Dr.

To Cash A/c

( Being goods purchased for cash)

Mohan .... Dr.

To Sales A/c

( Being goods sold to Mohan)

Purchase A/c ....Dr.

To Sumit

( Being goods purchased from Sumit)

Cash A/c ....Dr

To Sales A/c

( Being goods sold)