Jayeseeli is a sole proprietor having a provisions store. Following are the transactions during the month of january, 2018 ledger
ise them.
Jun
1. Commenced buissness with cash - 80,000
2. Deposited cash with bank - 40,000
3. Purchased goods by paying cash - 5,000
4. Purchased goods from Lipton&co . on credit - 10,000
5. Sold gods to joy and received cash - 11,000
6. Paid salaries by cash - 5,000
7. Paid Lipton&co. by cheque for the purchases made on 4th Jan
8. Brought furniture by cash - 4,000
9. Paid electricity charges by cash - 1,000
10. Bank paid insurance premium as per standing instructions
Answers
Answer:
1. cash a/c Dr. 80,000
To capital a/c. 80,000
2. Bank a/c. Dr. 40,000
To cash a/c. 40,000
3. purchases a/c Dr. 5,000
To cash a/c. 5,000
4. purchases a/c Dr. 10,000
To Lipton &co. 10,000
5. Cash a/c. Dr. 11,000
To sales a/c. 11,000
6. salaries a/c Dr. 5,000
To cash a/c. 5,000
7. Lipton &co. Dr. 10,000
To bank a/c 10,000
8. furniture a/c Dr. 4,000
To cash a/c. 4,000
9. electricity charges a/c Dr. 1,000
To. cash a/c 1,000
10. insurance premium a/c dr.
To bank a/c.