Question

Enter the following transactions in the books of Ganesan and post them into ledger.
2017
Oct 1 Started business with cash
25,000
5 Deposited into bank
12,500
10 Purchased furniture and payment by cheque
2,000
5,000
15 Goods purchased for cash
19 Sold goods to Vasu on credit
4,000
22 Goods worth 500 taken for personal use​

Answer 1

Answer:

Explanation:

                                       Journal Entries                                                                

Cash A/c                      25000

    To Ganesan's Capital A/c                           25000

Bank a/c                         12500

       To Cash A/c                                              12500

Furniture A/c              2000

     To bank A/c                                 2000

Purchase A/c                  5000

    To Cash A/c                                     5000

Vasu A/c                              4000

      To sales A/c                                    4000

Drawing A/c                          500

   To Purchase A/c                                 500