Question

8. Pass journal entries from the following cases and prepare Bank & capital account.

[16]

Date Particular

Amount

2020

May

1

2

5

9

10

12

13

15

17

20

22

23

24

25

Started business with cash

Purchase goods from ashish

Sold goods to Aman

Cash sales

Salary paid by cheque

Deposited into bank

Drew from bank for personal use

Paid cash to Ashish in full settlement of account

Withdrew from bank for office use

Commission received by cheque.

Purchase computer for cash

Rent received by cheque

Received cash from Aman in full settlement of account

Paid trade expenses by cheque

200000

15000

20000

5000

1200

2000

1000

14000

9000

6000

5000

3200

19000

500
​

Answer 1

Explanation:

Electrolysis is defined as a process of decomposing ionic compounds into their elements by passing a direct electric current through the compound in a fluid form. The cations are reduced at cathode and anions are oxidized at the anode.