Question

Illustration 3.
Journalise the following transactions in the books of Mr. Arun.
2012
April 01 Started business with cash 80,000.
03 Deposited into Bank 30,000
05 Bought goods from Suresh 20,000.
06 Sold goods for cash 16,000 .
08
Purchased furniture and paid by cheque * 5,000.
12 Sold goods to Mala on credit 4,000.
14 Returned goods to Suresh 1,000.
15 Received loan from Bank 10,000.
17 Mala returned goods worth * 300 for breakage.
20
Paid for stationery * 400.
24
Cash received from Mala * 3,500.
25
Withdrew for office use * 1.000.
27 Withdrew a cheque for personal use 2.000
30 Paid rent to landlord 2.000.​

Answer 1

Answer:

1 cash= +80,000

5 goods= 20,000 cash= -20,000

6 goods= -16,000 cash= +16,000

14 purchase return goods= -1,000 cash= +1,000

17 breakage= +300 cash= -300

20 stationary= +400 cash= -400

24 cash= +3,500

25 drawings= +1,000 cash= -1,000

30 rent= +2,000 cash= -2,000