Question

40
ILLUSTRATION 5. Journalise the following transactions in the books of Kapil :
2019
2019
June
June
1 Started business with cash 45,000 18 Cash received from Arvind Walia
1 Paid into bank
25.000 * 3,760 and discount allowed to him
2 Goods purchased for cash 15,000 21 Withdrew from bank for private use 1,000
3 Purchase of furniture and
Withdrew from bank for use in the
payment by cheque
5.000 business
5.000
5 Sold goods for cash
8.500
25 Paid telephone rent for one year 400
8 Sold goods to Arvind Walia 4,000 28 Cash paid to Amrit Lal in full
10 Goods purchased from
settlement of his account
5941
Amrit Lal
7.000 30 Paid for : Stationery
201
12 Goods returned to Amrit Lal 1.000
Rent
1.00
15 Goods returned by Arvind Walia 200
Salaries to staff​

Answer 1

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