Journalise the following Transaction in the books of Ram 8M
2020 Rs
1 st jan Commenced business with Cash 1,00,000
2 nd jan Purchased goods From Shyam 20,000
3 rd jan Purchased Furniture for cash 30,000
4 th jan Paid rent Through cheque 5,000
5 th Jan Discount received 1,000
6 th jan Cash withdrawn for personal use by Ram 6,000
7 th jan Cash Sales 3,000
8 th jan Deposited cash in Bank 10,000
Answers
Explanation:
Mr. Nirmal has the following transactions in the month of April.
Write Journal Entries for the transactions.
10th April : Commenced business with a capital of 1,00,000
11th April : Purchased goods from Veeru for 20,000
13th April : Purchased Goods for Cash 15,000
14th April : Purchased Goods from Abhiram for cash 9,000
16th April : Bought Goods from Shyam on credit 12,000
17th April : Sold goods worth 15,000 to Tarun
19th April : Sold goods for cash 20,000
20th April : Sold goods to Utsav for cash 6,000
21st April : Sold goods to Pranav on credit 17,000
22nd April : Returned goods to Veeru 3,000
23rd April : Goods returned from Tarun 1,000
25th April : Goods taken by the proprietor for personal use 1,000
26th April : Bought Land for 50,000
27th April : Purchased machinery for cash 45,000
28th April : Bought computer from Intel Computers for 25,000
28th April : Cash sales 15,000
29th April : Cash purchases 22,000
30th April : Bought furniture for proprietor's residence and paid cash 10,000