Question

2. Journalise the following transactions and post them into ledger :

Jan 1, 2019 Cash in hand Rs 50,000

Bank balance Rs 20000

Stock of Goods Rs 10000

Due to Ram Rs 5000

Due from Shyam Rs. 6000

Jan 5 Puchased Goods Rs. 20000

Jan 15 Sold to Rakesh Rs 15000

Jan 25 Paid rent Rs 3000.
its urgent​

Answer 1

Answer:

jan 1. cash. dr 50000

bank. dr. 20000

stock dr 10000

debtor. dr. 6000

To creditor. 5000

To capital. 81000

jan 5. purchase. dr. 20000

To cash. 20000

jan 15. Rakesh. dr. 15000

To sales. 15000

jan 25. rent. dr. 3000

To cash. 3000