Question

3. Journalize the following transactions:
2020 Jan. 01 Business started with cash
Rs.1,50,000 and goods Rs.50,000.
Jan. 03 Purchased goods from
Harish Rs.30,000.
Jan. 08 Cash sales Rs. 25,000.
Jan. 10 Cash paid to Harish on
account Rs. 15,000.
Jan. 18 Deposited into Bank Rs.
5,000.
Jan. 20 Drew cash for personal use
Rs.5,000.
Jan. 25 Cash paid to Harish in full
settlement of account Rs. 14,700.
Jan. 27 Goods sold to Nitesh Rs.
7,000.
Jan. 28 Received cash from Nitesh
Rs.6,800.
Jan. 30 Rent paid by cheque Rs.
1,500

Answer 1

Answer:

purchases a/c ...... Dr

to Harish

(being purchased goods from Harish)

sales a/c .......Dr

to cash a/c

Harish a/c ........Dr

to bank a/c

Bank a/c.........Dr

to cash a/c

drawing s a/c ....Dr

to cash a/c

Harish a/c...Dr

to bank a/c

Nitesh a/c.....Dr

to bank a/c

cash a/c......Dr

to Nitesh a/c

Rent a/c.......Dr

to bank a/c