Question

Journalise the following transactions-

(i) Ramesh introduced capital by cash '55,000.

(ii) Purchased goods from Sunil for ' 35,000.

(iii) Sold goods to shyam, for '22,000 ,60% on credit & balance in cash.

(iv) Ramesh took goods worth '5,000 for personal use.

(v) Goods of '1,500 given as charity.

(vi) Rent paid '3,000.

(vii) salary outstanding '2,000.

(viii) Cash deposited in to bank '5,000.​

Answer 1

Explanation:

Journalise the following transactions-

(i) Ramesh introduced capital by cash '55,000.

(ii) Purchased goods from Sunil for ' 35,000.

(iii) Sold goods to shyam, for '22,000 ,60% on credit & balance in cash.

(iv) Ramesh took goods worth '5,000 for personal use.

(v) Goods of '1,500 given as charity.

(vi) Rent paid '3,000.

(vii) salary outstanding '2,000.

(viii) Cash deposited in to bank '5,000.