Question

Find the General entries for the following transaction:-

1. manju started business with case of rs. 100000.

2. purchased furniture for rs. 5000.

3. purchased good for rs. 4000.

4.Purchased good from kala rs.15000.

5. sold goods for cash rs. 35000.

6.sold goods to ramesh and company rs. 40000.

7.Paid salary to staff in cash rs 15000

8. Paid Electricity bill through check rs. 1500

9.purchased stationary in cash rs. 5000.

10.withdrew cash for personal use rs. 9000.

11.withdrew cash for office use rs. 18000.​​

Answer 1

Answer:

2) Furniture A/C. Dr. 5000

to creditors A/C 5000

3). Purchase A/C. Dr 4000

to cash A/c. 4000

4). purchases A/C. Dr. 15000

to creditors A/C. 15000

5). cash A/C. Dr. 35000

to cash A/ C. 35000

6). Ramesh and company. Dr. 40000

to sales A/ C. 40000

7). salary A/ C. Dr. 15000

to cash A/C. 15000

8). electricity bill A/ C Dr 1500

to bank A/C 1500

9). stationery A/C. Dr 5000

to cash A/ C 5000

10). Drawings A/C Dr. 9000

to capital A/c 9000