Question

Journalise the following transaction

2019
Jan 1 Started business with cash 3000.

Jan 5 Goods purchased for cash 500

Jan 15 sold goods to Rishav Rs 2000

Jan 20 paid telephone bill 500


Jan 25 Purchased good from Akshay 5000.​

Answer 1

Explanation:

Cash a/c Dr 3000

To capital a/c 3000

Goods A/c Dr 500

To cash a/c 500

sales a/c dr 2000

To rishav a/c