Question

Ajit set up a shop on 1 st April 2009. He entered into the following transactions
       during the month of April:
1 Ajit contributed capital of Rs. 10,000.00 to the business.
2 Purchased Computer for Cash Rs. 2000.00
5 Obtained a loan from Bank Rs. 10,000.00
13 Purchased stock for cash Rs. 3000.00
16 Purchased Stock on Credit from Ramesh Enterprises Rs. 2000.00
23 Cash sales Rs. 4000.00
29 Sold goods for Rs. 3000.00 on credit to Anand Company
Pass the necessary journal entries; prepare the ledger accounts, trial balance, profit &
    loss a/c and balance sheet.

Answer 1

Answer:

1) cash account debit to proprietors capital account

2)purschases ac debit to cash

5)bank ac debit to bank

13)purchases account debit to cash

16) purchases account debit to ramesh

23)cash account debit to sales

29)anand company account debit to sales