Question

Journalise the following transaction and post
them into the ledger account
1.2.2020. Jayam starts a business with cash Rs
1,50,000
2.2.2020 purchased computer for Rs.60,000
4.2.2020 Paid cash into the bank Rs.25,000
6.2.2020 Purchased goods for Rs.50,000
8.2.2020 Sold goods for Rs. 65,000
10.2.2020 Paid Rent Rs.3,000.​

Answer 1

Answer:

Explanation:

Journal entries :

1.2.20    Cash a/c                           Dr            150000

                   to Capital a/c                                                       150000

2.2.20   computer a/c                   Dr             60000

                   to Cash a/c                                                         60000  

4.2.20   Bank a/c                            Dr             25000

                    to Cash a/c                                                         25000

6.2.20  Purchases a/c                   Dr               50000

                    to cash a/c                                                          50000

8.2.20  Cash a/c                            Dr                 65000

                    to sales a/c                                                         65000

10.2.20 rent a/c                             Dr                  3000

                    to cash a/c                                                           3000

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Posting in to ledger here(Brainly) is impossible

So i will  just explain the ledger rules

1.2.20 Open cash and capital a/c's

=> In debit of cash a/c post as (TO capital a/c)

=> In credit of captial a/c post as (BY cash a/c)

repeat the same for every entry