journalise the following transactions in the books of davinder bajaj
Answers
Answer:
The journal entry for this question is
Explanation
2019(May)
1 Cash account .... Dr 1,00,000
To Capital account 1,00,000
(Started business with cash)
4 Purchase account... Dr 85,000
To Cash account 85,000
(Purchased goods for cash)
7 Sales account.... Dr 12,000
To Cash account 12,000
(Sold goods for cash)
12 Ambani's account....Dr 16,000
To Sales account 16,000
(Sold goods to ambani on credit)
16 Singhania account.....Dr 13.500
To Cash account 13,500
(Sold goods to Singhania)
20 Sales account...Dr 9,000
To Cash account 9,000
(Sold goods for cash)
24 Sales account... Dr 7,700
To Cash account 7,700
(Cash sales 7,700)
Hope This answer helps.....