Question

8. Pass journal entries in the books of Sasi Kumar who is dealing in automobiles.
2017
Oct
₹
1 Commenced business with goods
40,000
3 Cash introduced in the business
60,000
4 Purchased goods from Arul on credit
70,000
6 Returned goods to Arul
10,000
10
Paid cash to Arul on account
60,000
15
Sold goods to Chandar on credit
30,000
18 Chandar returned goods worth
6,000
20 Received cash from Chandar in full settlement
25
23,000
Paid salaries through ECS
30
Sasi Kumar took for personal use goods worth
2,000
10,000
Journalise the following transactions in the hook
12.
.
201​

Answer 1

Answer:

1. stock a/c .....dr 40,000

To capital a/c 40,000

3. cash a/c....dr 60,000

To capital a/c 60,000

4. puchases a/c....dr 70,000

To Arul a/c 70,000

6. Arul a/c .....dr 10,000

To purchases return a/c 10,000

10. Arul a/c.....dr.60,000

To cash a/c 60,000

15. Chandar a/c.....dr. 30,000

To sales a/c 30,000

18. sales return a/c.....dr 6,000

To chandar a/c 6,000

25. salaries a/c...dr. 23,000

To bank a/c 23,0000

30. drawings a/c.....dr. 12,000

To sashi Kumar a/c 12,000