Question

Journalise the following transaction in
the books of Rushi, open Necessary
ledger Accounts
2020 March

1 Rushi started business with Rs 50,000
4 cash purchased Rs. 10,000
8 cash sales RS. 6.000.
12 Deposited into Bank RS. 4,500
I5 Received commission Rs. 1,000​

Answer 1

1. cash A/C....dr ₹50,000
To capital A/C ₹50,000

2. purchases a/c dr ₹10000
to cash a/c ₹10000

3. cash a/c dr ₹6000
to sales a/c ₹6000

4. bank a/c dr ₹4500
to cash a/c ₹4500

5. cash a/c dr ₹1000
to commission recd a/c ₹1000