Question

Journalise the following transactions : 2019 April 1 Sardari Lal started business with cash 4 Purchased goods for cash from Ashim 10 Sold goods to Rakesh on credit 12 Bought goods for cash from Lalit 15 Received from Rakesh 20 Paid rent to landlord ₹ 10,000 1,000 400 200 350 200​

Answer 1

(I) Started business with cash Rs 1,00000 (2) Paid rent in advance Rs 3000 (3) Purchased goods for cash Rs 50000 (4) Sold goods for cash Rs 80000 costing Rs