Question

5. Journalise the following transactions and post them to ledger accounts
2018
Amt. 3
Jan. 1 Started business with cash
50,000
Furniture
30,000
3 Purchased goods
15,000
Sold goods
20.000
9 Cash deposited into bank
12,000
15 Purchased Machinery
18,000
18 Purchased goods by cheque
5,000
21 Purchased goods from Ismail
25,000
24 Sold goods to Amar
40,000
27 Paid salary
3,000
29 Received loan from Bimal and deposited into bank
38,000
30 Withdrawn from bank for personal use
15,000
31 Received rent
2,500​

Answer 1

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