Question

Journalise the following transactions in the books of A
2019
April
1
5
Mr. Anand started business with cash 60,000.
Purchased goods for cash 30,000.
Sold goods of $10,000 to Suresh.
7​

Answer 1

Explanation:

In the books of M.r A

Cash A/C .................DR 60000 -

To, CapitalA/C - 60000

(Being new business introduced)

PurchasesA/C .........Dr 30000 -

To, CashA/C - 30000

(Being goods bought in cash)

Suresh's A/C..............Dr 10000 -

To,SalesA/C - 10000

(Being goods sold on credit to suresh)