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
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...