Accountancy, asked by vaman94173, 9 months ago

22. Journalise following transactions :
2019
May 1 M/s Brij Narain of Delhi commenced business as book sellers with a capital of
40.000
May 4
Bought furniture for shop 800
May 5
Bought books and papers worth 22,500 in cash
May 6
Sold books and paper for cash 15,000
May 7
Purchased books from Maneesha 12,000
May 12
Sold goods to Nisha 4,500
May 14
Sold goods to University Library for cash * 9,500
May 15
Paid cash to Maneesha 12,000
May 20
Purchased books from Shallu 4,000
May 22
Sold goods for cash 6,000
May 24
Paid cash to Shallu 4,000
May 30
Paid Rent 2,400 and salaries 2,000​

Answers

Answered by jainishah257
9

Answer:

May 1: Commencement of business

Cash Account. Dr. 40000

To Capital Account. 40000

May 4:

Office Furniture Account. Dr. 800

To Cash Account. 800

May 5:

Purchase Account. Dr. 22500

To Cash Account. 22500

May 6:

Cash Account Dr. 15000

To Sales Account 15000

May 7:

Purchase Account. Dr. 12000

To Maneesha Account 12000

May 12:

Nisha Account. Dr. 4500

To Sales Account. 4500

May 14:

Cash Account. Dr. 9500

To Sales Account. 9500

May 15:

Maneesha Account. Dr. 12000

To Cash Account. 12000

May 20:

Purchase Account. Dr. 4000

To Shallu Account. 4000

May 22:

Cash Account. Dr. 6000

To Sales Account. 6000

May 24:

Shallu Account. Dr. 4000

To cash Account. 4000

May 30:

Rent Account. Dr. 2400

Salaries Account. Dr. 2000

To Cash Account. 4400

Hope it helps...

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