Question

Enter the following transactions in the books of Ganesan and create a journal entry
2017
Oct 1 Started business with cash
25,000
5 Deposited into bank
12,500
10 Purchased furniture and payment by cheque 2,000
15 Goods purchased for cash
5,000
19 Sold goods to Vasu on credit
4,000
22 Goods worth 500 taken for personal use
(Answer: Cash A/c 7,500Dr.; Capital A/c 25,000Cr.; Bank A/c 10,500 Dr.;
Furniture A/c 2,000 Dr.; Purchases A/C 4,500 Dr.; Sales A/c 4,000 Cr.;
Vasu A/c 4,000 Dr.; Drawings A/c 500 Dr.)



Very important... please help... ​

Answer 1

Answer:

1.cash a/c dr 25000

To capital a/c 25000

2.Bank a/c dr 12500

To cash a/c 12500

3.Furniture a/c dr 2000

To bank a/c 2000

4.purchases a/c dr 5000

To cash a/c 5000

5.Vasu a/c dr 4000

To sales a/c 4000

6.Drawings a/c dr 500

To purchases a/c 500