Journalise the following transactions in the books of Mrs. Madhu, post them to the
concerned ledger account and balance them.
2012
March 01
Started business with the following:
Cash 3 10,000.
Goods 20.000.
Furniture 10,000.
Answers
Answer:
Journalising
cash a/c. Dr. 3,10,000
goods a/c. Dr. 20,000
furniture a/c. Dr. 10,000
To capital a/c. 3,40,000
Explanation:
Ledgers
cash a/c
Dr. cr.
To capital a/c
By balance c/d
Stock a/c
Dr. cr.
To capital a/c
By balance c/d
Furniture a/c
dr. cr.
To capital a/c
By balance c/d
Capital a/c
Dr. cr.
By cash a/c
By stock a/c
By furniture a/c
To balance b/d