Question

Journalise the following transactions in the books of Ram Das and Sons
2016
Jan. 1 Cash purchases
Jan. 2 Goods purchased from Sham and Sons on Credit
Jan. 2 Cash Sale
Jan. 3 Salary paid
Jan. 4 Rent received
Jan. 5 Machinery purchased for cash
Jan. 6 Furniture purchased from S.K. Trading Co. on credit
Jan. 8 Cash paid to Sham & Sons
Jan. 9 Goods sold on credit to Rahul​

Answer 1

JOURNAL ENTRY

In the books of Ram Das and Sons.

For the month of January, 2016.

Jan 1. Purchases A/C... Dr.

To Cash A/C

Jan 2. Purchases A/C... Dr.

To Sham and Sons A/C

Jan 2. Cash A/C... Dr.

To Sales A/C

Jan 3. Salary A/C... Dr.

To Cash A/C

Jan 4. Cash A/C... Dr.

To Rent Received A/C

Jan 5. Machinery A/C... Dr.

To Cash A/C

Jan 6. Furniture A/C... Dr.

To S.K. Trading Co. A/C

Jan 8. Sham & Sons A/C... Dr.

To Cash A/C

Jan 9. Rahul A/C... Dr.

To Sales A/C

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