Question

jouralise the transaction -
1. Ramesh started business with cash ₹1,00,000.
2. paid into bank ₹20,000.
3. bought goods for cash ₹50,000
4.drew cash from bank for office use ₹10,000
5. sold goods to krishna ₹15,000.
6. bought goods from shyam ₹22,500.
7. krishna returned goods ₹2000
8. received from krishna......₹12500.
allowed him discount......₹500.
9. paid cash to shyam.....₹21500
discount recieved..... ₹1000.
10. cash sales for month.......₹80000
11. paid salary.....₹10,000​

Answer 1

Answer:

1. Cash Ac Dr Rs. 100000

To Capital Ac Rs. 100000

2. Bank Ac Dr Rs. 20000

To Cash Ac

3. Purchases Ac Dr Rs. 50000

To Cash Ac Rs. 50000

4. Cash Ac Dr Rs. 10000

To Banks Ac Rs. 50000

5. Krishna Ac Dr Rs. 15000

To Sales Ac Rs. 15000

6. Purchases Ac Dr Rs. 22500

To Shyam Ac Dr Rs. 22500

7. Sales Returns Ac Dr Rs. 2000

To Krishna Ac Rs. 2000

8. Cash Ac Dr Rs. 12500

Discount

Allowed Ac Dr Rs. 500

To Krishna Ac Rs. 13000

9. Shyam Ac Dr. Rs. 22500

To Cash Ac Rs. 21500

To Discount

Recieved Ac Rs.100

10. Cash Ac Dr. Rs. 80000

To Sales Ac Rs. 80000

11. Salary Ac Dr. Rs. 10000

To Cash Ac Rs. 10000