Question

journalise the following transaction and post them into ledger.

2013
Jan. 1 Assets : Cash in hand Rs. 1,500 ; Cash at bank Rs. 70.000 : Stock Rs 45000 ; Machinery Rs. 1,20,000 ; Debtors Rs. 30,000
Liabilities: Sundry creditors Rs. 25,000; Loan Rs. 60,000.
2 Bought goods on credit from Chatterjee & Co. Rs. 12,000
3 Sold goods for cash Rs. 5,000.
5 Sold goods to Sen Brothers on credit Rs. 8,000.
7. Received from sundry debtors in full settlement of amount due on 1st January 2013 Rs 28,000.
9. Payment made to sundry creditors by cheque Rs. 24,000.
• They allowed discount Rs. 1,000.
10. Obsolete machinery sold for cash Rs. 2,000.
11. Bought goods for cash Rs. 8,000.
12. Received cheque from Sen Brothers and cheque deposited into bank Rs. 7,500. Discount allowed to them Rs. 500.
14 Paid cheque to CHATTERJEE. and Co. Rs. 12,000.
16 Cash deposited into bank Rs. 1,500.
18 Paid municipal taxes in cash Rs. 750.​

Answer 1

Answer:

May 1, 2019 Purchased goods for cash Rs.10,000

2 Withdrawn cash from office for personal use Rs 1500.

3 Purchase goods on credit from ABC Traders Rs. 6,55000

5 Sold goods to Jayant 50,000

8 Cash deposited into bank Rs 2500.