Question

and balance the accounts
Transactions of A K Brothers for April 2016 are given below. Journalise them. postema
2016
April | Started business with capital
1.10.30
2 Paid into Bank
50.000
2 Purchased goods for cash
3 Purchased goods on credit from K.B.Store
30.000
4 Cash Sales
70.000
5 Goods sold on credit to K.B. Store
25.000
6 Final payment made to K.B. Store by cheque
7 Paid wages to workers
8 Drew from Bank for office use
2.000
9 Drew from Bank for personal use
10 Paid Rent
2.000
11 Paid Wages
12 Purchased office furniture for each
6.000
13 Purchased furniture by cheque
2.000)
18 Paid trade expenses
100
20 An employee stole goods
300
21 Goods lost in transit
5.000
22 Purchased goods from Ram
30.000
29 Goods returned to Ram
21 Amount paid to Ram
26,000
25 Paid Wages
100
26 Paid salary
5,500
27 An employee stole cash
500
28 Paid trade expenses
200
30 Goods purchased for cash
5,000
30 Brought additional capital
25,000
30 Paid commission
1.000
Interest paid
1.000
Assignment​

Answer 1

Answer:

Explanation:

Cash a/c. Dr. 25000

To capital a/c. 25000

Commission a/c. Dr. 1000

Interest a/c. Dr. 1000

To cash a/c. 2000