Question

Journalise the following transactions in the Journal of Rakesh, Delhi and post them to
the Ledger:
2,00,000
80,000
22,000
30,000
12,000
22,000
11,700
2020
Aberch Started business with cash
Mach 2 Opened bank account with SBI
March 4 Goods purchased from Raj
March 5 Goods 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March 20 Withdrawn from bank for personal use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..
300
200
***
5,000
4,000
2,000
XERS
6,000
1,000
300
3,000
March 27 Bank charges
March 28 Cheque issued for life insurance premium of proprietor..
Barch 29 | Paid salary
Barch 30 Cash sales.
10,000
WY
20,000​

Answer 1

JOURNAL ENTRIES IN THE BOOKS OF RAKESH.

Explanation:

REFER TO THE ATTACHMENTS FOR JOURNAL ENTRIES.