Question

Journalise the following transactions in the books of Hero Enterprises.

Balance on 1st April 2019

Cash at Bank ` 80,000, Sundry Debtors Ram ` 20,000, Rahim ` 30,000, Stock ` 55,000,

Building ` 1,50,000.

Credit Balances on 1st April 2019

Sundry Creditors Swapna ` 20,000, Rohit ` 30,000, Bank Loan ` 50,000​

Answer 1

Bank a/c. 80000
Ram. A/c. 20000
Rahim a/c. 30000
Purchases a/c. 55000
Building a/c. 1,50,000
To capital a/c. 3,35,000

Purchases. 20000
To swapna. 20000
Purchases. 30000
To. Rohit. 30000
Bank. 50000
To loan. 50000