Question

2016
Jan1 Paid into bank for opening a current account
25,000
Jan-5 Goods purchased and payment made by cheque
10,000
Jan-8 Cash sales 40,000, out of this amount*30,000 deposited in bank
Jan-10 Withdrawn for private use
5,000
Jan-15 Withdrawn from bank
12,000
Jan-20 Placed on fixed deposit account at bank by transferring from current 20,000
account​

Answer 1

Answer:

bank dr

to cash

purchase ac dr

to bank

cash dr

to sales ac

withdraw ac dr

to cash ac

fixed ac dr

to current

Explanation:

amount will be same