Journalise the following transaction in the books of Himanshu :
2016
Feb. 1. business started with cash
7. purchased good for cash
9. sold goods to swati on credit
12. purchased furniture for cash
18. cash received from swati
19. paid rent
28. paid salary
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Answer:
Explanation:
JOURNAL ENTRIES
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- Cash a/c dr.
To Himanshu capital a/c cr.
(commenced business with cash)
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- Purchase a/c dr.
To cash a/c cr.
(cash purchases)
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- Swati a/c dr.
To sales a/c cr.
(Credit sale to Swati)
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- Furniture a/c dr.
To cash a/c cr.
(Furniture purchased)
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- Cash a/c dr.
To Swathi a/c cr.
(cash received from Swathi)
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- Rent a/c dr.
- Salary a/c dr.
To Cash a/c cr.
(rent and salary paid)
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