Question

Journalise the following transaction in the books of Bajaj March 1 commenced business with cash Rs 100000 March 22 sold goods on credit RS 40400 March 24 cash sales rupees 7700

Answer 1

march 1. cash a/c dr 100000
to capital a/c 100000
(being business commenced)

march 22. creditors a/c dr 40400
to sales a/c. 40400
(being sales made on credit)

March 24 cash a/c dr 7700
to sales a/c. 7700
(being sales made on cash)

Answer 2

Answer:

journalise the following transactions in the books of Bajaj