Question

journalise the following transactions 1-1-2010 building purchase for cash ₹50,000 2-1-2010 salary paid ₹ 5000 3-1-2010 return goods to anil ₹2500 4-1-2010 intrest received ₹1000 5-1-2010 withdraw cash for personal use ₹ 500​

Answer 1

JOURNAL ENTRIES:

2010

1/1. Building a/c. Dr.50,000

To Cash a/c. 50,000

( Being building purchased)

2/1. Salary a/c. Dr.5,000

To Cash a/c. 5,000

(Being salary paid)

3/1. Anil's a/c. Dr.2,500

To Return outward a/c 2,500

(Being goods returner to Anil)

4/1. Cash a/c Dr.1,000

To Interest a/c. 1,000

(Being interest received)

5/1. Drawing a/c. Dr.500

To Cash a/c. 500

(Being cash drew for personal use)

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