Question

journalise the following transaction :
i. Dec, 1st 2005 Ajit started business with cash of 40.000
" Dec, 3, he paid into the bank to 2000
Dec 5th, He purchased good for cash 15000
. Dec 8th, he sold good for cash 6000
Dec 10, He purchased furniture & paid by cheque 5000
​

Answer 1

Answer:

i) Cash a/c ...Dr

To capital a/c

(being business started with cash)

ii)Bank a/c...Dr

To cash a/c

(Being cash paid to bank )

ii) Purchase a/c...Dr

To cash a/c

(being goods purchased from cash)

ii)Cash a/c ....Dr

To sales a/c

(being goods sold for cash)

iv) Furniture a/c .... Dr

To cash a/c

(being furniture purchased and paid by cheque)

Explanation:

Hope it will help you

and be happy...

Answer 2

Answer:

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