Question

Journalise the following transaction for the month of January,2021 and
post them to following ledger account:-
1. Cash A/C 2. Capital A/C 3. Ram A/c and 4. Shyam A/C
2021
Jan 1st Started business with Cash Rs.50000, Machinery Rs.20000 and
Furniture Rs.30000.
Jan 2nd Deposited Rs.10000 in State Bank of India.
Jan 4th
Cash Purchases of Rs.10000.
Jan 6th
Cash Sales of Rs.25000
Jan 8th
Purchased Goods of Rs.15000 from Ram on credit.
Jan 10th Sold Goods of Rs.40000 to Shyam on credit.
Jan 12th Received Rs.20000 from Shyam on account.
Jan 20th Paid Rs.10000 to Ram.
Jan 24th Paid Salary Rs.2000, Rent Rs.5000 and Wages Rs.500
Jan 28th Purchased Machinery of Rs.50000 from Rohan & Co. on credit @
18% GST.​

Answer 1

Answer:

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