Question

journalise the following transaction, post them into ledger and prepare the trial balance.
1/4/20 commenced business with cash 100000 and machinery 50000.
4/4/20 bought goods from rajesh 30000 and rakesh .
10/4/20 sold goods to raja 50000 and rani 25000.
15/4/20 paid to rajesh rs 29500 in full settlement.
20/4/20 received from rani 24500 in full settlement.
25/4/20 paid salaries 10000 and rent 5000.​

Answer 1

Explanation:

I don't understand the question no. 2 clearly because you didn't mentioned the amount clearly