Journalise the following transactions in the book of harpreet brothers
2017jan
Started business with cash 1, 65, 000
Bought goods from tara 22, 000
Cash paid to tara 22, 000
Sold goods to nariman 12, 0003
Commission received 1, 000
Salary paid 5, 000
Goods issued for house hold purpose 2, 000
Cash received from nariman 11, 700 and discount allowed 300
Cheque given for insurance premium 1, 000
Furniture purchased for cash 3, 000
Goods destroyed by fire 800
Answers
Answer:
Books of Harpreet
JOURNAL
Cash a/c Dr. 1,65,000
To capital a/c. 1,65,000
(started business with cash)
Purchases a/c Dr. 22,000
To Tara 22,000
(bought goods from Tara)
Tara. Dr. 22,000
To cash a/c. 22,000
(cash paid to Tara)
Nariman. Dr. 1,20,003
To sales a/c. 1,20,003
(sold goods to Nariman)
Cash a/c. Dr. 1,000
To commission a/c. 1,000
( commission received)
Salary a/c. Dr. 5,000
To cash a/c. 5,000
( salary paid)
Drawings a/c. Dr. 2,000
To purchases a/c 2,000
(goods issued for household propose)
Cash a/c Dr. 11700
Discount a/c Dr. 300
To Nariman. 12,000
(Cash received and discount allowed)
Insurance premium a/c. Dr. 1,000
To bank a/c. 1,000
(cheque given for insurance premium)
Furniture a/c. Dr. 3,000
To cash a/c. 3,000
( furniture purchased for cash)
Loss by fire a/c. Dr. 800
To Purchases a/c. 800
( Goods destroyed by fire)
HOPE THIS HELPS
MARK ME AS BRAINLIEST