Question

7. Journalise the following transactions:
2017 Jan,01 Business started with cash Rs. 25,000
Jan,03 Opened bank Account with SEM Rs.5.000
Jan,05 Bought goods from Satish on credit Rs.7.000
Jan,07 Returned goods to Satish Rs. 500
Jan,08 Issued cheque in favour of Satish Rs 4,000
Jan, 10 Gave charity Rs 500
Jan,15 Paid Electricity bill Ps 750
Jan, 18 Bought office furniture Rs 3,000
Jan,20 Drew cash from Bank for personal use
Jan,22 Bought Postage stamps Rs 100
Jan,25 Drew cash for personal use Rs 1,000
Jan,28 Commission received in advance Rs.400​

Answer 1

Explanation:

Jan 01 cash a/c

to capital a/c

Jan 03 bank a/c

to cash a/c

Jan 05 purchases a/c

to Satish a/c.

Jan 07 Satish a/c

to purchase return ac

Jan 08 bank a/c

to Satish a/c

Jan 10 charity a/c

to cash a/c

Jan 15 electricity bill a/c

to cash a/c

Jan 18 furniture a/c

to cash a/c

Jan 20 drawings a/c

to bank a/c

Jan 22 postage a/c

to cash a/c

Jan 25 drawings a/c

to cash a/c

Jan 28 commission a/c

to commission recieved in advance a/c

all amounts should be written i hv not written... also narration should be written .......

Answer 2

have a look at above image hope this helps you