Question

Journalise the following transactions and prepare Cash Account only.
2019
Mar 1 Bansilal started a business with cash 1,25,000 and furniture worth 75.000
3
Purchased goods costing 25,000 @ 10% Trade discount.
Sold goods worth 15,000 to Giridhar.
5 Received 1,500 from Jyoti, a debtor whose account was earlier written off as bad debts.
11 Cash withdrawn for personal use 5.000.
12 Goods distributed as free samples 600.
21 Invoiced goods to Savita worth 10,000.
22 Paid salary amounting to 12,500.
25 Purchased 100 shares of Dexter Ltd for 300 per share and brokerage paid @ 1% net banking
27 Received 10,000 from Giridhar @ 10% Cash discount.​

Answer 1

Answer:

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