Question

Journalise the following transactions in the books of Himanshu:
[tex]
\begin{tabular}{c c c}\\
2017 & & Rs\\
Dec.01 & Business started with cash & 75,000 \\
Dec.07 & Purchased goods for cash & 10,000 \\
Dec.09 & Sold goods to Swati & 5,000 \\
Dec.12 & Purchased furniture & 3,000 \\
Dec.18 & Cash received from Swati In full settlement & 4,000 \\
Dec.25 & Paid rent & 1,000 \\
Dec.30 & Paid salary & 1,500 \\
\end{tabular}
[/tex]

Answer 1

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Answer 2

In this question we will answer the various journal entries.

Explanation:

Dec.01  Cash account Dr. 75000

                To Capital account    75000

Dec.07  Purchase account Dr. 10000

                 To Cash account        10000

Dec.09  Swati's account Dr. 5000

                  To Sales account   5000

Dec.12  Furniture account Dr. 3000

                  To cash account      3000  

Dec.18 Cash account Dr. 4000

Discount allowed account Dr. 1000

                  To Swati's account    5000

Dec.25 Rent account Dr. 1000

                    To Cash account  1000

Dec.30 Salary account Dr. 1500

                     To cash account 1500