Question

Journalise the following transactions in the Books of Jay:
(a) Business commenced with a Capital of 6,00,000 and Furniture of 12,000.
(b) 4.50.000 deposited into bank Account
Plant and Machinery purchased of 2,30,000 by paying 30,000 cash immediately.
(d)
Purchased goods worth 40,000 for cash and 145,000 on account.
(e) Paid a cheque of 2,00,000 to the supplier of Plant and Machinery.
(0) 370,000 Cash Sales (of goods costing * 50,000)
Withdrawn by the proprietor 35,000 cash for personal use.
kh Insurance paid by cheque of 2.500.
@ Salary of 5.500 outstanding.
0 Furniture of 30,000 purchased in cash.​

Answer 1

Answer:

A)

cash a/c. Dr. 6,00,000

furniture a/c. Dr. 12,000

To capital a/c 6,12,000

(Being business started with capital and furniture)

B)Bank a/c. Dr. 4,50,000

plant and machinery a/c. Dr.30,000

To cash a/c 4,80,000

(Being amount deposited in bank and paid cash for the purchase of plant and machinery)