Question

Journalise the following transactions and prepare ledger accounts : April 1, 2017 Saurabh started business with cash Rs.2,00,000 April 3, 2017 Purchased furniture for cash 20,000 April 5,2017 Purchased goods from Anil Rs.50,000 April 18, 2017 Paid to Anil in full settlement Rs.48,000 ​

Answer 1

Answer:

apr1. cash a/c. dr 200000

to capital a/c 200000

apr3. furniture a/c dr 20000

to cash a/c. 20000

apr5. purchases a/c dr. 50000

to anil 50000

apr18. anil. dr.50000

to discount received a/c. 48000

to cash a/c. 2000