Question

3. Following transactions of Ramesh for April, 2020 are given below.
Journalise them.
2020
April 1
Ramesh started business with cash
1,00,000
April 2 Paid into bank
20,000
April 3 Bought goods for cash
50,000
April 4 Drew cash from bank for office use
10,000
April 13 Sold goods to Krishna
15,000
April 20 Bought goods from Shyam
22,500
April 22
Krishna returned goods
2,000
April 24
Received from Krishna
12,500
Allowed him discount
500
April 28
Paid cash to Shyam
21,500
Discount received
1,000
April 30 Cash sales for the month
80,000
April 30
Paid rent
5,000
April 30
Paid salary
10,000​

Answer 1

Answer:

1. Cash a/c dr. 1,00,000

To Capital a/c cr.1,00,000

2. Bank a/c dr. 20,000

To cash a/c cr. 20,000

3. Purchases a/c dr. 50,000

To cash a/c cr. 50,000

4. Cash a/c dr. 10,000

To bank a/c cr. 10,000

13. Krishna a/c dr. 15,000

To sales a/c cr. 15,000

20. Purchases a/c dr. 22,500

To Shyam a/c cr. 22,500

22. Purchases return a/c dr. 2000

To krishna a/c cr. 2000

24. Cash a/c dr. 13,000

Discount ALLOWED a/c dr. 500

To Krishna a/c cr. 12,500

28. Shyam a/c dr. 21,500

To discount recieved a/c cr. 1000

To cash a/c cr. 21,500

30. Cash a/c dr. 80,000

To sales a/c cr. 80,000

30. Rent a/c dr. 5,000

To cash a/c cr. 5,000

30. Salary a/c dr. 10,000

To cash a/c cr. 10,000