4) Journalise the following transaction in the books of
Venkatesh
1 March 2020 Business started with Cash < 100000.
2 March 2020 Goods purchased from Monisha 3 30000.
3 March 2020 Opened bank Account with SBI 25000,
5 March
2020 Cash sales ? 40000.
7 March 2020 Purchased goods for Cash 3 30000 from
Ranganath.
8 March 2020 Sold goods to Priya worth 40000 on
credit:
10 March 2020 Received cheque from Priya < 30000.
12 March 2020 Paid cheque to Monisha * 25000.
19 March 2020 paid office Rent 3 5000,
22 March 2020 Received Commission from Ravi : 2000.
25 March 2020 Cash withdrawn for personal use < 2000.
28 March 2020 Paid Wages 1000.
31 March 2020 Interest Received < 4000.
Answers
Answer:
The acidic, basic or neutral solution can be tested by common indicators like litmus, methyl orange and phenolphthalein. More accurately they can be ascertained on the basis of ionisation. Water ionises to a very small extent. The concentration of [H3O+] (aq.) and OH- (aq.) ions in pure water is found to be 1 x 10-7 mol litre-1. This means that all aqueous solutions contain both
[H3O+] (aq.) and OH- (aq.) ions and the product of concentration of these ions is (1x 10-7) (1 x 10-7)
= 1 x 10-14 mol2 litre-2 at 25°C. This is known as ionic product of water (K).
Answer:
1 March Cash a/c Dr. 1,00,000
To Capital a/c. 1,00,000
2 March Purchase a/c Dr. 30,000
To Monisha a/c. 30,000
3 March Bank a/c Dr. 25,000
To Cash a/c. 25,000
5 March Cash a/c Dr. 40,000
To sales a/c. 40,000
7 March Purchase a/c Dr. 30,000
To Cash a/c. 30,000
8 March Priya a/c Dr. 40,000
To sales a/c. 40,000
10 March Bank a/c Dr. 30,000
To Priya a/c. 30,000
12 March Monisha a/c Dr. 25,000
To Bank a/c. 25,000
19 March Rent a/c Dr. 35,000
To cash a/c. 35,000
22 March Cash a/c Dr. 2000
To Commission. 2000
received a/c
25 March Drawings a/c. Dr. 2000
To Cash a/c. 2000
28 March Wages a/c. Dr. 1000
To cash a/c. 1000
31 March Cash a/c. Dr. 4000
To interest. 4000
receivable a/c
Hope it helps you :)☺