Question

Following transactions are given to you
Jan 1: started business with bank Rs 100000.
Jan 2:purchase furniture of rs 20000 and amount paid by cheque.
Jan 3:Goods sold to hari of rs 8000.
Jan 4: wages paid to Rita by cheque of Rs 5000
Jan 5:cheque received from hari of rs 5500.
Jan 6: purchase goods of rs 12000 from sita and 60% paid through bank.
Jan 7: salary paid of rs 10000 by cheque and outstanding salary of rs 2000
Required: Simple Bank Book

Answer 1

Answer:

debit side is on the left hand side and credit side in on the right hand side

bank acc b/d credit side

furniture acc Dr side 20000

goods sold to hari A/c cr side 8000

wages A/c debit side 5000

cheque received account credit side 5500

goods purchase account debit side 7200

salary paid debit side rs 10000