Journalise the following transactions in the books of Nekha Anna Binsu
2019
Rs.
April 1 Nekha Anna Binsu started business with cash
1,00,000
April 5 Purchased Machinery from Mohan
74,000
April 7 Paid into Bank
85,000
April 12 Sold goods to Riya
8,000
April 15 Purchased goods from Megha 6,500
April 18 Paid to Mohan a cheque
74,000
April 26 Cash Sales
10,000
April 30 Salaries paid
7,500
April 30 Rent Paid
5,000
April 30 Electricity Paid
1,600
Answers
Journalise the following transactions in the books of Nekha Anna Binsu
2019
(1) Nekha Anna Binsu started business with cash rs 1,00,000
Cash A/c dr 1,00,000
To Capital A/c 1,00,000
(being cash invest to start a business )
(2) Purchase machinery from Mohan rs 74,000
Machinery A/c dr 74,000
To Mohan 74,000
(being purchase machine on credit )
(3) paid into bank rs 85,000
Bank A/c dr 85,000
To Cash A/c 85,000
(being cash paid into bank )
(4) Sold goods to Riya 8,000
Riya Dr 8,000
To sales A/c. 8,000
(being goods sold on credit)
(5) Purchase goods from Megha 6,500
Purchase A/c dr 6500
To Megha 6,500
(being purchase goods from Megha )
(6) paid to Mohan a cheque 74000
Bank A/c dr 74,000
To Cash A/c 74000
(being paid cash to mohan in cheque)
(7) cash sales 10,000
Cash A/c dr 10,000
To Sales A/c. 10,000
( being sales on cash )
(8) salaries paid 7500
Salaries A/c dr 7500
To Cash A/c 7500
(being cash paid on salary)
(9) Rent paid rs 5000
Rent A/c dr 5,000
To Cash A/c 5,000
(being rent paid on cash )
(10) Electrical paid 1600
Electricity A/c dr 1,600
To Cash A/c 1600
( being electricity paid in cash )
GOLDEN RULES OF ACCOUNTING :
❤️REAL ACCOUNT ❤️
Debit what comes in
Credit what goes out
❤️ PERSONAL ACCOUNT ❤️
Debit the receiver
Credit the giver
❤️NOMINAL ACCOUNT❤️
Debit all expenses and losses
Credit all income and gains
Hope its helps you ❤️
Mark.as brainlist ❤️