Question

(ix)
11. Journalise the following transactions in the books of Gagan Narang:
2018
April 1
April 4
April 7
April 8
April 9
April 12
April 16
April 21
Started business with cash 40,000.
Purchased goods for cash 6,200.
Purchased goods from Gurpreet on credit * 3,800.
Sold goods for cash 5,500.
Sold goods on credit to Harpreet 3,200.
Purchased goods for 9,000.
Purchased goods from Jai Bhagwan 4,500.
Purchased goods on credit 4,200.​

Answer 1

Answer:

April 1 : Cash A/c..........Dr. 40,000

To Capital A/c. 40,000

April 4 : Purchases A/c......Dr. 6,200

To Cash A/c. 6,200

April 7 : Purchases A/c........Dr. 3,800

To Gurpreet's A/c. 3,800

April 8 : Cash A/c.......Dr. 5,500

To Sales A/c. 5,500

April 9 : Harpreet's A/c.......Dr. 3,200

To Sales A/c. 3,200

April 12 : Purchases A/c......Dr. 9,000

To Cash A/c. 9,000

April 16 : Purchases A/c.....Dr. 4,500

To Jai Bhagwan A/c. 4,500

April 21 : Purchases A/c......Dr. 4,200

To Creditor's A/c 4,200