Question

From the following transactions write journal in the books of pranjal: 1. Introduce 10000 rs cash and commenced business 2. Goods of 5000 purchased on cash 3. goods of 8000 purchased on credit from Rajan 4 . Goods of 2000 given for donation 5. Shivani has dispatched the goods of 3000 6. paid 2500 for life insurance premium.​

Answer 1

Explanation:

1. Cash A/C -------------Dr

To Capital A/C

2. Purchases A/C -------------Dr

To Cash A/C

3. Purchases A/C -------------Dr

To Ranjan A/C

6. Insurance Premium A/C -------------Dr

To Cash A/C