Question

Jan, 17
Prepaid insurance Rs.500
Commission receivable Rs 800
Jan, 18
Jan,20
Bank charges Rs 200
Jan,22
Interest on Capital Rs. 2,000
Jan,25
Goods given away by Charity Rs 600
Jan,28
Drew for office use Rs 2,000
plz give its journal transaction.​

Answer 1

Solution :-

ᴊᴏᴜʀɴᴀʟ ᴇɴᴛʀɪᴇs

• Jan, 17

Prepaid insurance Rs.500

→ Prepaid insurance A/c. Dr. Rs.500

→ To insurance A/c. Rs.500

• Jan 18

Commission receivable Rs 800

→ Cash A/c. Dr. Rs 800

→ To commission A/c. Rs 800

• Jan,20

Bank charges Rs 200

→ Bank charge A/c Dr. Rs 200

→ To cash A/c. Rs 200

• Jan,22

Interest on Capital Rs. 2,000

→ Interest on capital A/c. Dr. Rs. 2,000

→ To capital A/c. Rs. 2,000

• Jan,25

Goods given away by Charity Rs 600

→ Charity A/c. Dr. Rs 600

→ To purchase A/c. Rs 600

• Jan,28

Drew for office use Rs 2,000

→ Bank A/c. Dr. Rs 2,000

→ To cash A/c. Rs 2,000

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