Question

journalise the following transactions 2013 june1.GAUTAM STARTED BUSINESS WITH ₹5,00,000. 2.Bought goods from basant ₹30,000 3.paid into bank ₹20,000 5.returned goods to basant₹2,000 8. sold goods to radha ₹7000 10. paid cartage ₹200 15.recived dividend on investment ₹1,000 18.Paid salary ₹5,000 20.purchase goods worth ₹3,000 from Tushar ₹5,000 from satyam on credit 25. sales of goods ₹10,000 to balan and ₹7,000 28.recived cash ₹ 8,000 to dharma from Ramaswamy and ₹600 from krishna Swamy 30.uinsured goods destroyed by fire ₹20,000​

Answer 1

Answer:

journal entry of gautam

date. particular. debit. credit

June 2013

1. cash a/c. (Dr). 5,00,000. 5,00,000

to capital a/c.

2. purchased a/c. (dr) 30,000

to basant a/c. 30,000

3) bank a/c. (Dr). 20,000

to cash a/c. 20,000

5). basant a/c. (Dr). 2,000

to purchase

return. a/c 2,000

8). radha a/c. (Dr). 7,000

to sales A/c. 7,000

10). cartage a/c. (Dr). 200

to sales a/c. 200

15). cash. a/c. (Dr). 1,000

to dividend. a/c. 1,000

18). salary. a/c. (Dr). 5,000

to cash a/c. 5,000

20). credit

purchase a/c. (dr) 8,000

to tusar a/c. 3,000

to satyam a/c. 5,000

25) balan a/c. (Dr). 10,000

to sales a/ c. 10,000

28) dharma a/c. (Dr). 8,600

to ramasamy a/c. 8,000

to krishna Swamy. A/c. 6,00

30)Loss of stock by fire A/c Dr. 3,000

To Purchases A/c 3,000

Explanation:

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