Question

9. Fathima Nassim commenced business as on 1st January, 2018. Following tra
month of January,2018are to be journalized in his books:
2018
Rs
Jan. 1 Fathima Nassim Invested cash for 3,00,000
commencement of the business
Jan.2 Purchased Machinery
1,10,000
Jan.2 Wages paid for installation of machinery 10,000
Jan.4 Purchased Furniture
15,000
Jan. 5 Bought Computer from Raman
28,600
Jan. 6 Bought goods from Moniga& Co.
7,000
Jan.8 Paid Raman by cheque in full settlement 28,000
Jan. 10 Sold goods to Pawan
12,000
Jan. 12 Pawan cleared his account by paying cash 11,500
Jan. 19 Paid for stationery
800
Jan.22 Old newspaper sold
150
Jan.25 Paid electricity charges
800
Jan.27 Salaries paid by cheque
3,000
Wages due but not paid
500
Jan. 31 Cash withdrawn for personal purpose 2,000
Jan. 31 Cash sales for the month
18,000​

Answer 1

Explanation:

there's your answerBut let me tell uthree golden rulesfor making journal entries...

Debit The Receiver, Credit The Giver.

Debit What Comes In, Credit What Goes Out.

Debit All Expenses And Losses, are credited