Question

3. Record the following transactions in the Journal of Amitabh:
€ 2020
May
₹ .
5 May
1 Amitabh started business with cash
2 Purchased furniture from Modern Furnishers for cash
2 May
3 May
5 Deposited in bank ..........
May
6 Purchased goods for cash
8 Purchased goods on credit from Hari
6 May 10 Purchased goods from Suresh for cash
7 May 12 Purchased goods from Ajay .......
& May 14 Sold goods for cash
a May 15 Sold goods to Karim
May 16 Sold goods to Ganesh for cash
1 May 18 Sold goods to Bansi ......
02 May 19 Withdrew from bank for office use
13 May 20 Karim paid on account
14 May 29 Paid rent for residence
15 May 30 Purchased a cycle for his son
16 May 30 Paid to Ajay in settlement of his account ......
80,000
10,000
30,000
5,000
4,500
3,000
4,000
7,000
6,500
5,000
3,500
5,000
5,000
6,000
3,000
3,800​

Answer 1

Answer:

This too long guys. I can't understand it

Answer 2

Answer:

1. Capital account Dr.

to cash account

2. furniture account Dr.

to cash account

3. bank account Dr.

to cash account

4.purchases account Dr.

to Cash account

5. purchase account Dr.

to Hari