Question

& Journalise the following transactions and post them into ledger:
a) Started business with cash 1,00,000;
b) Received a loan of 58,000 from Surajit and opened a bank account with this cheque;
c) Purchased office furniture on credit from Raj & Co. for * 18,000;
d) Purchased goods for cash * 40,000;
el Withdrew cash of 15,000 from bank for office use;
Sold goods to Amarnath 60,000 for cash;
g) Paid Raj & Co. by cheque 18,000;
h) Paid commission to agent2,000;
1) Deposited cash into Bank 5,000;
1) *
Received interest 600.​

Answer 1

Answer:

cash A/C debit

to capital A/C

purchase A/C debit

to cash A/C credit

drawing A/C debit

to cash A/C credit

amaranth A/C debit

to sale A/C credit

raj A/C debit

to bank A/C credit

commission A/C debit

to cash A/C credit

interest A/C debit

to cah A/C credit