Question

Journalise the following transactions in the books of Manohar Singh

8,000
10,000

2018 har Singh commenced business with personal cash 1,50,000 Apr. 1 and 50,000 borrowed from Raniit Singh on personal account.
Apr. 2 Purchased goods from Yuvraj Singh45,000.

JOurna
Apr. 6 Cash withdrawn by proprietor for personal use 15,000.
9 Sold goods to Yadwinder Singh for cash 63,000. Apr.
Apr. 12 Life insurance premium paid 12,000 on the life of proprietors major son.
Apr. 14 Purchased goods on credit 31,000.
Apr. 18 Goods withdrawn by proprietor for personal use 16,000.
Apr. 21 Go0ds sold to Dalip Singh on credit 35,000.
Apr. 24 Rent of the residence of the proprietor paid from business bank account 22,000.
Apr. 28 Cash purchases 19,000.

Answer 1

Answer:

Cash ac Dr. 1,50,000

to Manohar's capital ac. 1,50,000

purchase ac Dr. 45000

to cash ac 45000

drawings ac Dr.15000

to cash ac.15000

Insurance premium ac Dr.12000

to cash ac 12000

Purchase ac dr.31000

to creditors ac 31000

drawings ac Dr.16000

to cash ac 16000

Dalip sign ac dr.35000

to sales ac 35000

drawings ac Dr. 22000

to cash ac 22000

purchase ac Dr. 19000

to cash ac 19000