Question

78
Ilustration 4
Journalise the following transactions of M/s Mallika Fashion House and post the entries
to the Ledger:
Amount
Detalls
Date
Rs.
2017
2,00,000
June 05 Business started with cash
80,000
June 08
Opened a bank account with Syndicate Bank
30,000
June 12
Goods purchased on credit from M/s Gulmohar Fashion House
20,000
June 12 Purchase office machines, paid by cheque
5,000
June 18 Rent paid by cheque
10,000
June 20 Sale of goods on credit to M/s Mohit Bros
15,000
June 22 Cash sales
30,000
June 25 Cash paid to M/s Gulmohar Fashion House
10,000
June 28 Received a cheque from M/s Mohit Bros
6,000
June 30 Salary paid in cash​

Answer 1

JOURNAL ENTRIES IN THE BOOKS OF M/S MALLIKA FASHION HOUSE

Explanation:

REFER TO THE ATTACHMENT FOR THE JOURNAL ENTRIES.

Answer 2

Answer:

5 June. Cash A/c Dr. 80,000

To bank A/c. 80,000

8 June. Cash A/c Dr. 30,000

To bank A/c. 30,000

12 June.