Question

Ans. 2. Journalise the following transactions : 2020 April 2 2 5 6 10 15 20 25 30 30 A merchant started business with Deposited into Bank Purchased goods on credit from Ram Paid Cash to Mohan Cash Sales Goods sold to Sohan Received Cash from Ganesh Purchased goods for Cash Withdrew Cash from Bank Paid Rent ₹ 10,000 4,000 4,000 500 1,000 2,000 6,000 2,000 1,000 100 S 1​

Answer 1

Following are the journal entries.

Explanation:

1) bank a/c   dr.   10,000

                    to capital a/c.   10,000

  ( being business started with capital )

2) bank a/c   dr.    4,000

                      to cash a/c   4,000

  ( being cash deposited into bank )

3) purchase a/c  dr.   4,000

                           to Ram     4,000

  ( being goods purchased from Ram on credit )

4) cash a/c   dr.   500

                    to Mohan   500

  ( being cash paid to Mohan )

5) cash a/c    dr.   1,000

                      to sales a/c   1,000

  ( being goods sold for cash )

6) sohan        dr.   2,000

                      to sales a/c    2,000

  ( being goods sold to Sohan )

7) cash a/c    dr.    6,000

                     to Ganesh   6,000

  ( being cash received from Ganesh )

8) purchase a/c   dr.   2,000

                             to cash a/c   2,000

   ( being goods purchased for cash )

9) cash a/c   dr.   1,000

                     to bank a/c   1,000

  ( being cash withdrawn from bank )

10) rent a/c   dr.  100

                     to cash a/c  100

 ( being rent paid )