Question

7. Journalise the following transactions in the books of Riya.
2018
Jan. 1
Started business with cash * 1,80,000.
Jan. 2.
Goods purchase 4,000.
Jan. 3 Purchase goods for cash * 80,000.
Jan. 7
Purchase goods for cash from Sonia * 10,000.
Jan. 10 Purchase goods on credit from Monika * 15,000.
Jan. 12 Sold goods to Ravi * 10,000.
Jan. 15 Sold goods 1,00,000.
Jan. 18 Sold goods to Rahul * 10,000 on credit.
Jan. 20 Sold goods to Sunil * 15,000 on cash.
Jan. 25 Cash Sale * 10,000.​

Answer 1

The answer is :

January 1

cash a/c. Dr. 50000

bank a/c. Dr. 80000

building a/c. Dr. 200000

to capital a/c. 305000

to Rama a/c. 25000

January 4

purchase a/c. Dr. 60000

input GST a/c. Dr. 7200

to bank a/c. 67200

January 9

advertisement a/c. Dr 8000

to cash a/c. 8000

January 12

horse a/c Dr. 45000

carriage inward a/c. Dr. 3000

to cash a/c. 48000

January 14

Pravin a/c. Dr. 81000

to sales a/c. 81000

January 18

cash a/c. Dr. 9000

to rent a/c. 4000

to commission a/c. 5000

January 25

shares a/c. Dr. 40000

brokerage a/c. Dr. 1000

to cash a/c. 41000

January 30

Meena a/c. Dr. 18000

to sales a/c. 18000

January 31

cash a/c. Dr. 80000

discount allowed a/c. Dr. 1000

to Pravin a/c. 81000