Question

Journalise the following transactions in the books of Miss. Nivedita
2010 May 1 Commenced business with Cash Rs. 1,10,000.
4 Purchased goods for cash Rs. 60,000.
5 Sold goods for cash Rs. 70,000.
9 Deposited into Bank of India Rs. 1,00,000.1
13 Paid for stationary Rs. 10,000 stat
17 Purchased Computer with printer Rs. 40,000.C.
21 Purchased goods from Ravi for Rs. 50,000 on credit.
25 Paid Office Rent Rs. 2,000.
26 Received commission Rs. 1,000.
30 Withdrew from bank for office use Rs. 5,0000
31 Paid for salaries Rs. 4,500.
IN NARRATION FORM ​

Answer 1

Answer:

1. cash A/c. 110000

To capital a/c. 110000

(Commenced business with Cash )

2. Purchase a/c 60000

To Cash a/c. 60000

(Purchased goods for cash Rs. 60,000)

3. Cash a/c. 70000

To Sale a/c. 70000

(Sold goods for cash )

4. Bank of India a/c. 100000

To Cash a/c. 100000

(Deposited into Bank of India)

5. Stationery a/c. 10000

To Cash/bank a/c. 10000

(Paid for stationary)

6. computer and printera/c. 40000

To Cash /bank a/c. 40000

(Purchased Computer with printer)

7. Purchase a/c 50000

To Ravi a/c. 50000

(Purchased goods from Ravi for Rs. 50,000 on credit.)

8. Office rent a/c. 2000

To Cash/bank a/c. 2000

(Paid Office Rent)

9. cash/bank a/c. 1000

To Commission a/c 1000

( Received commission)

10. Cash a/c. 50000

To bank a/c 50000

(Withdrew from bank for office use)

11. salary a/c 4500

To Cash/bank a/c. 4500

(Paid for salaries )