Journalise the following transactions in the Journal of Shanti Brothers and
post then into the ledger.
2017
₹
March 1 Started business with cash
4,00,000
March 5 Bought goods from Raj
15.000
March 10 Deposited in to Bank
25,000
March 15 Bought goods for Cash
10,000
March 18 Sold goods for Cash
20,000
March 25 Paid to Raj
8,000
5.000
March 31 Paid for Salary
fod
Answers
Journal entries for the following transactions
Explanation:
Journal
In the books of Shanti Brothers
Date Particulars Debit Credit
2017
March
1. Cash a/c dr 400000
to Capital a/c 400000
5. Purchase a/c dr 15000
to Raj a/c 15000
10. Bank a/c dr 25000
to Cash a/c 25000
15. Purchase a/c dr 10000
to Cash a/c 10000
18. Cash a/c dr 20000
to Sales a/c 20000
25. Raj a/c dr 8000
to Cash a/c 8000
31. Salaries a/c dr 5000
to Cash a/c 5000