Journalise the following transaction:
Answers
Journal Book of 2020
Feb. 1 :
Cash A/c . . . Dr - 2,00,000
- To capital A/c - 1,00,000
( Being started business with cash )
Feb. 1 :
Bank A/c . . . Dr - 1,00,000
- To cash A/c - 1,00,000
( Being opened a bank A/c and cash banked )
Feb. 5 :
Purchase A/c . . . Dr - 10,000
- To cash A/c - 10,000
( Being purchased goods for cash )
Feb. 7 :
Naresh's A/c . . . Dr - 40,000
- To sales A/c - 40,000
( Being sold goods to Naresh on credit )
Feb. 8 :
Raj's A/c . . . Dr - 4,500
- To sales A/c - 4,500
( Being goods sold to Raj on credit )
Feb. 9 :
Advanced salaries paid A/c . . . Dr - 5,000
- To salaries paid A/c - 5,000
( Being salaries paid in advanced to an employee )
Feb. 10 :
Purchase A/c . . . Dr - 50,000
- To Firoz's A/c - 50,000
( Being goods purchased from Firoz on credit )
Feb. 12 :
Firoz's A/c . . . Dr - 10,000
- To cash A/c - 10,000
( Being cash paid to creditor Firoz )
Feb. 15 :
Bank A/c . . . Dr - 39,000
Discount allowed A/c . . . 1,000
- To Naresh's A/c 40,000
( Being cash received from Naresh in full settlement of his account )
Feb. 16 :
Bad debt's A/c . . . Dr - 4,500
- To Raj - 4,500
( Being dues from Raj were not recoverable )
Feb. 18 :
Travelling expenses A/c . . . Dr - 4,750
- To cash A/c - 4,750
( Being travelling bills paid )
Feb. 22 :
Charity A/c . . . Dr - 2,500
- To purchase A/c - 2,500
( Being goods given as charity )