Journalise the following tranactions and post them into their respective accounts in the ledger.
2019
Jan 5
Ramesh commenced business with 25,000
Jan 10
Purchased office furniture for cash 10,000
Jan 12
Goods purchased on credit from Rao 8,000
Jan 25
Sold goods on credist to Ram 12,000
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Date Particulars L.F. Debit(₹) Credit(₹)
2019
jan 05. Cash A/c Dr. 25,000
To Capital A/c 25,000
(Started business with cash)
Jan 10. Furniture A/c Dr. 10,000
To Cash A/c. 10,000
(Purchased office furniture for cash)
Jan 12. Purchases A/c Dr. 8,000
To Rao A/c 8,000
(Goods purchased on credit from Rao)
Jan 25 Rao A/c Dr. 12,000
To Sales A/c 12,000
(Sold goods on credist to Ram)
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