Question

Journal Entry the following transactions
1. Commenced business with cash Rs. 10,000
2.

Deposit into bank Rs. 15,000.
3. Bought office furniture Rs. 3,000.
4. Soled goods for cash Rs. 2,500.
5. Purchase goods from Mr. Xon credit Rs. 2,000.
6.

Soled goods to Mr. Yon credit Rs.3.000.
7. Received cash from Mr. Y on account Rs. 2,000.
8. Paid cash to Mr. X Rs. 1,000.
9. Received commission Rs. 50
10. Received cash on bank deposit Rs. 100
11. Paid into bank Rs. 1,000
12. Paid for advertisement Rs. 500
13. Purchase goods for cash Rs. 800
14. Sold goods for cash Rs. 1,500
15.

Paid salary Rs. 500
Journalize the following Transactions using the Debit and credit give

Answer 1

Answer:

Cash A/c Dr. 10,000

   To Capital A/c    10,000

Bank A/c Dr. 15,000

   To Cash A/c    15,000

Furniture A/c Dr. 3,000

   To Cash A/c        3,000

Cash A/c Dr. 2,500

   To Sales A/c 2,500

Purchases A/c Dr. 2,000

   To X's A/c             2,000

Y's A/c Dr. 3,000

   To Sales A/c 3,000

Cash A/c Dr. 2,000

   To Y's A/c     2,000

X's A/c Dr. 1,000

   To Cash A/c   1,000

Cash A/c Dr. 50

   To Commission Received A/c 50

Bank A/c Dr. 1,000

   To Cash A/c   1,000

Advertisement A/c Dr. 500

   To Cash A/c                  500

Purchases A/c Dr. 800

   To Cash A/c          800

Cash A/c Dr. 1,500

   To Sales A/c    1,500

Salary A/c Dr. 500

   To Cash A/c    500

This is the required answer.

Answer 2

Answer:

debite ya credit answer