Question

Journalise the following transactions in the Journal of Rakesh, Delhi and post them to
the Ledger:
₹
2020
2,00,000
80.000
22,000
30,000
12,000
22.000
11,700
300
200
March 1 Started business with cash
March 2Opened bank account with SBI
March 4Goods purchased from Raj
March 5Goods purchased for cash
March 8 Goods sold to Naman
March 10 Cash paid to Raj
March 15 Cash received from Naman
Discount allowed
March 16 Paid wages
March 18 Furniture purchased for office use.
March 20 Withdrawn from bank for personal use
March 23 Goods taken for personal purpose. These goods were purchased from Raj.
March 24 Drawn cash from bank for office use
March 26 Commission received
March 27 Bank charges
March 28 Cheque issued for life insurance premium of proprietor
March 29 Paid salary
March 30 Cash sales..
5,000
4,000
2,000
6,000
1,000
300
3,000
10,000
20,000​

Answer 1

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