journalise the following transaction:
Answers
Explanation:
Cash dr. 200000
Bank dr. 400000
To capital ac 600000
Purchases ac dr 25000
To cash 25000
Bank ac dr. 50000
To cash 50000
Drawings dr. 15000
To cash /bank 15000
Machine dr. 25000
To bank 25000
Furniture dr. 100000
To cash 100000
Kamal dr. 10000
To bank 10000
Bank dr. 50000
To loan 50000
Computer dr. 25000
To bank 25000
Intrest paid dr. 1000
To bank 1000
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Journal book of 2019
Dec. 1 :
Cash A/c . . . Dr - 2,00,000
Bank A/c . . . Dr - 4,00,000
- To capital A/c - 6,00,000
( Being started business with cash and cheque )
Dec. 4 :
Purchase A/c . . . Dr - 25,000
- To cash A/c - 25,000
( Being goods purchased for cash )
Dec. 6 :
Bank A/c . . . Dr - 50,000
- To sales A/c - 50,000
( Being goods sold and payment is received by cheque )
Dec. 7 :
Drawings A/c . . . Dr - 15,000
- To cash A/c - 15,000
( Being cash withdrawn for personal use )
Dec. 9 :
M/s Lakshay Machines A/c . . . Dr - 25,000
- To bank A/c - 25,000
( Being advanced given to M/s Lakshay Machines for purchase of Machine by cheque )
Dec. 12 :
Furniture A/c . . . Dr - 1,00,000
- To bank A/c - 1,00,000
( Being purchased furniture and paid by cheque )
Dec. 15 :
Kamal . . . Dr - 10,000
- To cash A/c - 10,000
( Being cash paid to Kamal )
Dec. 18 :
Cash A/c . . . Dr - 50,000
To bank loan A/c - 50,000
( Being loan taken from bank )
Dec. 20 :
Computer A/c . . . Dr - 25,000
- To bank A/c - 25,000
( Being computer purchased and paid by cheque )
Dec. 25 :
Interest on bank loan A/c . . . Dr - 1,000
- To cash A/c - 1,000
( Being interest on bank loan paid )