Question

Journalise the following transactions in the books of Himanshu: (6)
2014 `
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

I hope this helps. You can find the attachment and let me know if you need any help!

Answer 2

Answer:

Dec.01 Business started with cash 75,000

Cash A/c….Dr     75000

To Capital A/c                 75000

(being firm started)

Dec.07 Purchased goods for cash 10,000

Purchase A/c…Dr    10000

To Cash A/c                          10000

(Being goods bought)

Dec.09 Sold goods to Swati 5,000

Swati A/c….Dr     5000

To Sales A/c                    5000’

(goods sold to swati)

Dec.12 Purchased furniture 3,000

Furniture a/c…dr    3000

To Cash                              3000

(being furniture bought)

Dec.18 Cash received from Swati In full settlement 4,000

Cash a/c…dr                             4000

Discount allowed a/c…Dr      1000

To swati a/c                                         5000

(being cash received in full settlement)

Dec.25 Paid rent 1,000

Rent a/c…dr      1000

To cash a/c                   1000

(being rent paid)

Dec.30 Paid salary 1,500

Salary a/c                  1500

To Cash a/c                          1500

(being salaries paid)

Basic rules of journal entry:

• The entry must have not lesser than two accounts with one DEBIT amount and not lesser than one CREDIT amount.
• DEBITS are listed first and then CREDITS.
• DEBIT amounts will be equal to the CREDIT amounts.

Learn more  about journal entry

Sold goods to ram for journal entries

brainly.in/question/1718750

Brought furniture from S.R furnisher against cash journal entry

brainly.in/question/4697057