Question

date ,2012
Aug 1 commenced business with cash ₹16000
Aug 3 - bought goods on credit from Rajiv ₹600 @10 %
Aug 5 - cash sales ₹8000 @ 5% c.d
Aug 7- paid wages ₹1800
Aug 8 - cash purchase ₹1600
Aug 10- credit sales to sanjeev ₹4000
Aug 15- paid to Rajiv ₹5400
Aug 20- received form sanjeev ₹2000
Aug 30- paid rent ₹1000
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Answer 1

Answer:

Cash a/c dr.

to Capital a/c. (both side ₹16000)

Purchase a/c dr.

to Rajiv a/c.(both side ₹600)

Cash a/c dr.

to sales a/c(both side ₹7600)

Wages a/c dr.

to cash a/c (both side ₹1800)

Purchase a/c dr.

to cash a/c. (both side ₹ 1600)

Sanjeev a/c dr.

to sales a/c. (both side ₹4000)

Rajiv a/c dr.

to cash a/c . (both side ₹5400)

Cash a/c dr.

to Sanjeev a/c. (both side ₹2000)

Rent a/c dr.

to cash a/c . ( both side ₹1000)

(both side total amount ₹40000)