Question

Journalise the following Transactions in the books of M/s Shanker
2013 Rs.
June 1 Started business with a capital of 50,000
June 2 Paid into bank 30,000
June 4 Purchased goods from kamal on credit 15,000
June 6 Paid to shiram (he allowed discount of Rs. 100) 4,900
June 8 Cash Sales 20,000
June 12 Sold to Hameed 5,000
June 15 Purchased goods from Bharat on credit 9,500
June 18 Paid Salaries 4,000
June 20 Received from prem (Discount allowed Rs.20) 2,480
June 25 Withdraw from bank for office use 5,000
June 28 Withdraw for personal use 4,000
June 30 Paid Hanif by cheque 7,000​

Answer 1

Answer:

2 (C): Classify the Accounts into Assets, Liabilities, Income, Expenditure and Capital (3M)

(1) Goods A/C

(2) Wages A/C

(3) Loan A/C

(4) Debtors A/C

(5) Creditors A/C

(6) Furniture A/C

(7) Bills Receivable A/C (8) Meena's Capital A/c (9) Drawing A/C

(10) Discount A/C

(11) Rent Received A/c (12) Building A/C

CANA(✿)(✿)(✿)