Question

Journalise the following transactions in the book of M/s Beauty traders: Also post them into the Ledger and also draw up the Trial Balance.2013 ₹Dec 1 Started business with cash 2,00,000Dec 2 Bought office furniture 30,000Dec 3 Paid into bank to open a current account 1,00,000Dec 5 Purchased a computer and paid by cheque 50,000Dec 6 Bought goods on credit from Ritika 60,000Dec 8 Cash sales 30,000Dec 9 Sold goods to Karishma on credit 25,000Dec 12 Cash paid to Mansi on account 30,000Dec 14 Goods returned to Ritika 2,000Dec 15 Stationery purchased for cash 3,000Dec 16 Paid wages 1,000Dec 18 Goods returned by Karishma 2,000Dec 20 Cheque given to Ritika 28,000Dec 22 Cash returned from Karishma on account 15,000Dec 24 Insurance premium paid by cheque 4,000Dec 26 Cheque received from Karishma 8,000Dec 28 Rent paid by cheque 3,000Dec 29 Purchased goods on credit form Meena Traders 20,000Dec 30 Cash sales 14,000

Answer 1

1) cash account dr. .....200000
to capital account ......200000
2)furniture account dr. ..30000
to cash account. ....30000
3)bank account Dr. ...100000.
to cash account Dr. .100000.