Question

Journalise the following transactions in the books of Reveena :
2015
Feb. 1 Ravi commenced business with cash * 2,50,000.
Feb. 3 Cash withdrawn by proprietor for personal use 30,000.
Feb. 7 Additional capital introduced in the business * 80,000.
Feb. 9 Personal car introduced in the business *3,00,000.
Feb. 11 Life insurance premium paid 9,000.
Feb 13 Goods withdrawn by proprietor for personal use 7,000.
Feb. 17 Books for proprietor's daughter purchased from the business bank account 3,500.
Feb. 19 Rent of the showroom paid from the personal bank account of the proprietor 21,000.
Feb. 21 Cash withdrawn from bank for personal use 5,500.​

Answer 1

Answer:

Date Particulars

L.F. Debit Credit

2014

Feb.1 Cash A/c Dr. 2,50,000

To Capital A/c 2,50,000

(Being business started with cash.)

Feb.3 Drawings A/c Dr. 30,000

To Cash A/c 30,000

(Being withdrawn for personal use)

Feb.7 Cash A/c Dr. 80,000

To Capital A/c 80,000

(Being additional capital introduced )

Feb.9 Motor Vehicle A/c Dr. 3,00,000

To Capital A/c 3,00,000

(Being Car introduced into a business )

Feb.11 Drawings A/c Dr. 9,000

To Cash A/c 9,000

(Being life insurance premium paid in cash)

Feb.13 Drawings A/c Dr. 7,000

To Purchase A/c 7,000

(Being withdrawn for personal use)

Feb.17 Drawings A/c Dr. 3,500

To Bank A/c 3,500

(Being personal expenses paid from a business bank account)

Feb.19 Rent A/c Dr. 21,000

To Capital A/c 21,000

(Being Rent of showroom paid from a personal bank account)

Feb..21 Drawing A/c Dr. 5,500

To Bank A/c 5,500

(Being Cash withdrawn from bank for personal use)

Explanation:

. Journalese the following transaction in the book of Reveena:

2015

Feb. 1 Ravi commenced business with cash Rs 2,50,000

Feb. 3 Cash is withdrawn by the proprietor for personal use RS 30,000

Feb. 7 Additional capital introduced in the business Rs 80,000

Feb. 9 Personal car introduced in the business Rs 3,00,000

Feb. 11 Life insurance premium paid Rs 9,000

Feb. 13 Goods are withdrawn by the proprietor for personal use RS 7,000

Feb. 17 Books for proprietor’s daughter purchased from the business bank Account Rs 3,500

Feb. 19 Rent of the showroom paid from the personal bank account of the proprietor RS 21,000

Feb.21 Cash is withdrawn from the bank for personal use RS 5,500

Answer 2

Explanation:

hope itzz helpful to u

#helping mode on