Question

Explain the rules of journalising.
(Practical questions
Give journal entries for the following transactions -
1 Mahesh started business with cash.
2 Purchased goods from Verma
3 Goods distributed as free samples..
4 Paid to Verma by cheque in full settlement ..
Issue a cheque of Vishal for purchase of furniture....
Deposited in to the bank
15,000
12,000
.1,100
11,950
11,200
14,000
O​

Answer 1

cash a/c dr

to capital a/c

purchase a/c dr

to vermas a/c