Question

Give journal
entries and prepare ledger accounts
Atun started business with cash 100,000
Purchased goods for cash Rs 2000/-
Purchased furniture Rs 2750/-
Sold goods for cash Rs 1230
Opened a Bank alc with RS - 3500-
Purchased goods and paid by cheque 500/-
Sold goods to Ram RS-1850/-
sold goods and received cheque - 2300/-
Deposited the cheque into bant 2300/-
Purchased goods from varun - 2000/-
Paid salary by cheque – 2500
Received commission 570
Paid rent Rs 500/-
Drawings from bank for personalise 250/.plz anybdy answer these ques.plz hlp urgent
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Answer 1

cash acc dr. 100000

to capital acc. 100000

(being , started business)

purchases acc dr.......2000

to cash acc........2000

(being, goods purchased against cash)

furniture acc dr......2750

to cash acc.....2750

(being, furniture purchased )

cash acc dr.......1230

to sales acc....1230

(being , goods sold for cash)

bank acc. dr......3500

to cash acc.....3500

(being , new bank acc )

purchase acc dr.....500

to bank acc ........500

(being, goods purchased and amount paid through cheque )

ram's acc dr.......1850

to sales acc......1850

(being, goods sold)

cheque in hand acc dr. 2300

to sales acc........ . .2300

( being ,sood good send recd payment through cheque )

bank acc . dr........2300

to cheque in hand acc.....2300

( being , cheque recd against sales deposited at bank )

purchase acc dr ...2000

to varun...............2000

( being, purchase goods from varun)

salary acc. dr.....2500

to bank acc...2500

(being , paid salary)

cash acc dr. 570

to commission acc. 570

( being, recd commission )

rent acc. dr.......500

to cash acc....500

(being, paid rent )

drawing acc dr. .....250

to bank acc.......250

( being , drawings made for personal use)

form ledger by opening each acc personally because

it will become so lengthy

hope it helps u,☺️