Question

journalise the following transactin & Explain?
1) ranger purchase from Sharma rupees 12000 but cash paid 8000.
2) salary paid 1000.
3) commission received 500.
4) rent paid to Joshi 700.
5) withdrawal from Bank 1500 for personal use.
6) fan purchase for 900 and cheque issued.
7) ped 4000 to Sharma ​

Answer 1

$\huge\pink{ \underline{ \underline{ \bf{Answer}}}}$

===========================

$\blue{ \underline{ \underline { \bf{Journal\:Entry\::-}}}}$

✳️ ️ Purchase Ac Dr....12000/-

To Cash Ac Cr.....8000/-

To Accounts Payble Ac Cr...4000/-

[ Being Purchase Ranger and paid part payment ]

✳️ Salary Ac Dr.....1000/-

To Cash Ac Dr....1000/-

[ Being salary paid ]

✳️️ Cash Ac Dr......500/-

To Commission Ac Cr...500/-

[ Being commission received ]

✳️ Rent Ac Dr.......700/-

To, Cash Ac Cr...700/-

[ Being rent paid to joshi ]

✳️ Drawing Ac Dr.....1500/-

To Bank Ac Cr.....1500/-

[ Being Withdrawn cash for personal use ]

✳️ Purchase Ac Dr.....900/-

To, Bank Ac Cr.....900/-

[ Being Fan purchase and payment made by cheque ]

✳️ Sharma Ac Dr....4000/-

To Cash Ac Cr.....4000/-

[ Being cash paid to sharma ]

============================

$\huge{ \underline{ \underline{ \bf{Be\:Brainly}}}}$

Answer 2

Answer: The answer for this question is attached herewith.

Explanation: Three golden rules and 2 modified rules of accountancy are followed to journalise these entries