Question

Journalise the following transaction post them into ledger and prepare a trial balance. business started with capital rs 800000. Furniture purchased in cash from jai rs 38000. Payment made to raman rs 5000. Commission received from suresh rs 2000. goods purchased from ramlal rs 700000. rent paid to anil rs 3000.​

Answer 1

Answer:

cash a/c. Dr. 800000

to capital a/c. 800000

furniture a/c. Dr. 38000

to cah a/c. 38000

raman's a/c. Dr 5000

to cash a/c. 5000

cash a/c. Dr. 2000

to commission a/c. 2000

purchase a/c. Dr. 700000

to Ramlal a/c. 7000000

rent a/c. Dr. 3000

to cash a/c. 3000