Journalise the following transactions 1. Harish started business with cash Rs. 100000 2. Bought goods from Manohar Rs. 50000 3. Purchase furniture for cash Rs. 80000 4. Sold goods to Charanjeet Rs. 16000 5. Paid Manohar Rs. 3000 6. Sold goods Vadva Ram Rs. 2000 7. Received from Charanjeet Rs 1000 8. Paid wages Rs. 8000 9. Bought goods for cash Rs. 6000 10. Sold goods to Ramesh Rs. 3400
Answers
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Explanation:
1. Cash A/c...... Dr. ₹100000
To Capital A/c ₹100000
(Being business started with cash)
2. Purchases A/c... Dr. ₹50000
To Manohar ₹50000
(Being goods purchased from Manohar)
3. Furniture A/c... Dr. ₹80000
To Cash A/c ₹80000
(Being furniture purchased)
4. Charanjeet Dr. ₹16000
To Sales A/c ₹16000
(Being goods sold to Charanjeet)
5. Manohar Dr. ₹3000
To Cash A/c ₹3000
(Being cash paid to Manohar)
6. Vadva Ram Dr. ₹2000
To Sales A/c ₹2000
(Being goods sold to Vadva Ram)
7. Cash A/c....... Dr. ₹1000
To Charanjeet ₹1000
(Being cash received from Charanjeet)
8. Wages A/c..... Dr. ₹8000
To Cash A/c ₹8000
(Being wages paid)
9. Purchases A/c... Dr. ₹6000
To Cash A/c ₹6000
(Being goods purchased for cash)
10. Ramesh Dr. ₹3400
To Sales A/c ₹3400
(Being goods sold to Ramesh)