from the following transactions write journal entries in the book of pranjal
(1) introduced rs 10,000 cash and commenced business
(2) goods of rs 5000 purchased on cash
(3) goods of rs 8000 purchased on credit from rajan
(4) goods of rs 2000 given for donation
(5) given order to shivani to dispatch goods of rs 3000
(6) shivani has dispatched the goods as per order
(7) paid rs 2500 for life insurance premium
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1] Cash a/c ...Dr 10000
To Capital a/c 10000
2] Goods a/c ...Dr 5000
To Cash a/c 5000
3] Goods a/c ...Dr 8000
To Rajan a/c 8000
4] Charity a/c ...Dr 2000
To Goods a/c 2000
5] Goods a/c ...Dr 3000
To Shivani a/c 3000
6] Shivani a/c ...Dr 3000
To Goods a/c 3000
7] Drawings a/c ...Dr 2500
To Cash a/c 2500
Explanation:
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