Question

Journalise
the
following
transactions
and
prepare
Karan's
capital
account









(i)
Karan
started
a
business
with
the
following:
Cash
ï
15,000,
Furniture
ï

6,000


and




Stock
ï

15,000.









(ii)
Paid
rent,
ï
1,500,
Wages
ï
600,
Salaries
ï
2,400.









(iii)
Paid
for
the
purposes
of
stationery
ï
150
and
postage
ï
150.









(iv)
Goods
sold
to
Vaibhav
worth
ï
6,000
and
half
the
amount
received
in
cash.​

Answer 1

Answer:

(i) Cash a/c dr 15000

   Furniture a/c dr 6000

    Stock a/c dr 15000

        To Capital a/c       36000

(ii) Rent a/c dr 1500

    wages a/c dr 600

    salaries a/c dr 2400

        To cash a/c           4500

(iii)  Stationery a/c Dr 150

      Postage a/c dr 150

         To cash a/c           300

(iv) Cash a/c dr       3000

       VAIBHAV dr   3000  

       TO SALES A/C           6000

thank you