Question

Journalise the following transactions in the books of Himanshu: 2015

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​

Answer 1

Answer:

Cash Ac Dr. 75000

To Capital Ac. 75000

Purchase ac Dr 10000

To Cash Ac. 10000

Swati's ac. dr. 5000

To sales ac. 5000

Furniture Ac Dr. 3000

To Cash Ac. 3000

Cash Ac. dr. 4000

Settlement ac. dr 1000

To Swati's ac. 5000

Rent ac. dr 1000

to Cash Ac. 1000

Salary Ac dr. 1500

To Cash Ac. 15000

Answer 2

Following are the journal entries for this question.

Explanation:

In the books of Himanshu :

                 Journal

2015

dec.01       cash a/c    dr.     75,000

                                    to capital a/c    75,000

                 (being business started with cash.)

dec.07       purchase a/c   dr.   10,000

                                           to cash a/c     10,000

                  ( being goods purchased for cash )

dec.09       Swati     dr.     5,000

                                 to sales a/c    5,000

                 ( being goods sold to Swati )

dec.12        furniture a/c   dr.  3,000

                                          to cash a/c   3,000

                  ( being furniture purchased for cash )

dec.18        cash a/c  dr.    4,000

                  discount allowed a/c dr.   1,000

                                                          to Swati   5,000

                  (being cash received from Swati in full settlement )

dec.25        rent a/c   dr.    1,000

                                   to cash a/c   1,000

                   ( being rent paid )

dec.30         salary a/c    dr.    1,500

                                        to cash a/c    1,500

                    ( being salary paid )