Question

2018
April 1 Siya Ram & Sons started business with cash
2 Purchased goods for cash
4 Purchased goods from Subhash
5 Purchased Furniture for cash
7 Sold goods for cash
9 Sold goods to Mahesh
10 Paid cash to Subhash
12 Received cash from Mahesh
16 Purchased goods from Ravi for cash
17 Purchased goods from Ravi
18 Sold goods to Suresh for cash​

Answer 1

Answer:

1 ,cash a/c dr

to capital a/c

(being cash brought as capital)

2, purchase a/c dr

to cash a/c

(being purchase made)

4,purchase a/c dr

to subhash a/c

(being purchase goods on credit)

5,furniture a/c dr

to cash a/c

(being furniture purchased )

7,cash a/c dr

to sales a/c

(being goods sold)

9,mahes a/c dr

to sales a/c

(being good sold on credit)

10,subhash a/c dr

to cash a/c

(being cash paid to subhash)

12,cash a/c dr

to mahesh a/c

(being cash received from mahesh)

16 purchase a/c dr

to cash a/c

(being purchase made with cash)

17,purchase a/c dr

to ravi a/c

( being good purchased on credit)

18,cash a/c dr

to sales a/c

(being goods sold on cash)

Explanation:

asset have dr balance

asset have dr balance liability have cr balance

asset have dr balance liability have cr balanceincome have cr balance

asset have dr balance liability have cr balanceincome have cr balanceexpenditure have dr balance

asset have dr balance liability have cr balanceincome have cr balanceexpenditure have dr balanceto reduce them do opposite

asset have dr balance liability have cr balanceincome have cr balanceexpenditure have dr balanceto reduce them do oppositeto increase them follow there balance