Question

8. Journalise the following transactions in the books of Sushma :
2018
Mar.1 Sushma started business with bank balance 4,00.000.
Mar. 4 Paid for holiday trip of Sushma's family from the business 95,000.
Mar. 6 income tax paid by cheque 19,000.
Mar. 10 Further cash introduced by proprietor into the business 55,000.
Mar. 14 Rent of the residence of the proprietor paid from his own pocket 14,500.
Mar. 18 Personal cash paid for the purchase of furniture for the business 3 18,000.
Mar.22 Purchased AC. for personal use and payment made from the business bank account 24.000
Mar.28 Goods withdrawn for personal use 9,000.
Mar. 30 Rent received on business account deposited in personal bank accouni 40.000​

Answer 1

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✨ Cash Ac Dr.....4,00,000/-

To Sushma's Capital Ac../- 4,00,000

[Being started business with cash]

✨ Drawing Ac Dr.....95000/-

To Cash Ac Cr.....95000/-

[ Being Paid to travel from business ]

✨ Income Tax Ac Dr....19000/-

To,Bank Ac Cr......19000/-

[ Being Tax paid by the cheque ]

✨ Cash Ac Dr.....55000/-

To proprietars Capital Ac....55000/-

[ Being Further cash introduced ]

✨ Rent Ac Dr.......14500/-

To Cash Ac Cr....14500/-

[ Being Reng Paid ]

✨ Furniture Ac Dr. .....318000/-

To Cash Ac Cr......318000/-

[ Being Furniture purchased for business ]

✨ Drawings Ac Dr.....24000/-

To Bank Ac Cr....24000/-

[ Being Paid cash from business ]

✨ Drawings Ac Dr.....9000/-

To Cash Ac Cr......9000/-

[ Being Goods withdrawn for personal use ]

✨ Bank Ac Dr......40000/-

To Rent Ac Cr.....40000/-

[ Being Rent received and deposited into bank ]

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Answer 2

Answer:

8. Journalise the following transactions in the books of Sushma :

2018

Mar.1 Sushma started business with bank balance 4,00.000.

Mar. 4 Paid for holiday trip of Sushma's family from the business 95,000.

Mar. 6 income tax paid by cheque 19,000.

Mar. 10 Further cash introduced by proprietor into the business 55,000.

Mar. 14 Rent of the residence of the proprietor paid from his own pocket 14,500.

Mar. 18 Personal cash paid for the purchase of furniture for the business 3 18,000.

Mar.22 Purchased AC. for personal use and payment made from the business bank account 24.000

Mar.28 Goods withdrawn for personal use 9,000.

Mar. 30 Rent received on business account deposited in personal bank accouni 40.000