Journalise the following transaction of sunview traders a.1/1/2017 started business with cash Rs2,30,000 and buildings Rs1,00,000 buildings Rs2,00,000. b.4/1/2017 bought goods for cash Rs5,000
c.8/1/2017 sold goods 35,000
d.10/1/2017 purchased goods from Rahul Rs55,000
e.14/1/2017 sold goods to varun Rs60,000
f.18/1/2017 paid cash to Rahul in fullsattlement Rs53,000
g.20/1/2017 received cash from varun in fullsattlement Rs89,000
h.25/1/2017 depreciation charge on buildings Rs10,000
i.30/1/2017 fresh capital introduced Rs50,000
Answers
Explanation:
Cash A/c Dr 230000
building A/c Dr 200000
To capital A/c 430000
Purchase A/c Dr 5000
To cash A/c 5000
Varun A/c Dr 35000
To sales A/c 35000
purchase A/c Dr 55000
To rahul A/c 55000
Varun A/c Dr 60,000
To sales A/c 60,000
Rahul A/c Dr 55000
To discount A/c 2000
To cash A/c 53000
Cash A/c Dr 89000
Discount A/c Dr 6000
To Varun A/c 95000
Depreciation A/c Dr 10,000
To building A/c 10,000
Cash A/c Dr 50,000
To capital A/c 50000
Answer:
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