Question

Journalise the following transactions in the books of ashwini
1. Started a business with cash=300000
2.opened a account with sbi =20000
3.purchased goods for cash =50000
4.sold goods to nadhim =70000
5.paid for stationary =2000
6.withdrawn from bank =6000
7.paid salary =6000 rent =2000

Answer 1

1.cash a/c ..........Dr 300000
To capital a/c 300000

2.bank a/c........Dr 20000
To cash a/c 20000

3.purchase a/c........Dr 50000
To cash a/c 50000

4.Nadhim a/c..........Dr 70000
To sales a/c 70000

5.stationery a/c........Dr 2000
To cash a/c 2000

6.cash a/c..........Dr 6000
To bank a/c 6000

7.salary a/c.........Dr 6000
rent a/c...........Dr 2000
To cash a/c 8000