Question

4. Journalise the following transactions in the books of Elin Maria Joshi;
2019
Rs
Oct. 1 Elin Maria Joshi Started business with cash 1,75,000
Oct.3 Deposited into Bank
1,00,000
Oct. 5 Purchased goods from sonu
15,000
Oct.8 Machinery Purchased from Sumit
60,000
Oct.11 Cash sales to Mehta
8,000
Oct.13 Payment made to Sonu
14,850
Discount allowed by him
150
Oct.15 Goods sold to Sandhya
12,000
Oct.18 Received from Sandhya
11,550
Discount allowed to her
450
Oct.21 Drew from bank for domestic use
5,000
Oct.26
Advertisement charges paid
2,000
Oct.31 Office salaries paid
8,200
Oct. 31 Rent paid
6,800

Answer 1

Explanation:

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