Question

Give journal entries of the following transactions:-

Date 2019 Transactions

Jan1

Jan2

Jan3

Jan6

Jan8

Roshan started business with cash `80,000;goods `40,000and furniture `20,000

Sold goods to kabir of the list price of `20,000 at trade discount of 10%

Boghta table fan of `8,000 for domestic use.

Paid rent `8,000 trade expenses `7,000 and travelling expenses `3,800

A cheque of `1,000 is received from Arjun in and the cheque is immediately

deposited into bank.

Provide 10% depreciation on furniture costing `20,000.​

Answer 1

Answer:

cash a/c dr 80000

goods a/c dr 40000

furniture a/dr 20000

to capital a/c 140000

Kabir Dr 18000

To Sales A/c 18000

Drawing A/ c Dr 8000

To Cash A/c 8000

rent a/c Dr 8000

trade expences a/c dr 7000

traveling expence a/c dr 3800

To cash a/c 18800

Bank A/c Dr 1000

To Arjun A/c 1000

Depreciation A/c Dr 5000

To furniture A/c 5000