Question

Enter the following transaction in the journal:
of Krishna and Krishna commenced his
business with the following assets
On 2001 April 1st cash 8000
Stock 5500, Furniture 7000, planted
machinery 20,000
His transaction for the month worth,
April 20d : Sold goods to gopal rs 7000/-
April 3rd : bought goods from Ram rs 8000/-
April4th : gopal returned goods rs 1000/-
April5th : Returned goods to ramu rs 500/-
April 10 th: paid into bank rs 500/-
April15 th: Draw cash from bank for office
use rs 1000/-
April 20th:cash drawn from personal use is
1000/-
April 25th: Cash received from Gopal in full
settlement for his account rs 6500/-
April26th: Pai8d to ramurs 7000/-
April31st I: Paid rent by cheque rs 150/-
April31st : Received cash for commence rs
200/-
April31st:Drawings rs100/-
April31st : paid salaries rs 500/​

Answer 1

Explanation:

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