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.
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Answer:
(i) Cash a/c Dr
To Ramesh Capital
(Being Started with Business)
(ii) Purchase a/c Dr
To Sunil
(Being Goods Purchased form Sunil)
(iii)Shyam Credit a/c Dr
Cash a/c. Dr
To Sales
(Being Sold Goods to Shyam for 22000,60%on credit & balance in Cash)
(iv) Drawings a/c Dr
To Ramesh
(Being remesh took goods personal use)
(v)Charity a/c Dr
To Goods a/c
(being Goods of 1500 given as charity)
(vi)Rent a/c. Dr
To Cash a/c
(Being rent paid)
(vii)
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