Question

Journalise the following transactions in the journals of M/s Gupta Bros. and post them into the Ledger

2018. Amount

March 1.
started business
with Cash. 2,00,000

March 2.
Opened Bank
account from
Raj. 80,000

March 4.
Goods purchased
from Raj. 22,000

March 5
Goods purchased
for cash. 30,000

March 7.
Goods sold to
Naman. 12,000

March 9.
Cash received
from Naman. 11,000

Discount allowed. 300​

Answer 1

Answer:

journal entries:

1. bank a/c dr. 200000

to capital a/c. cr. 200000

2. bank a/c dr. 80000

to raj's a/c cr. 80000

3. stock a/c dr. 12000

to raj's a/c cr. 12000

4. cash a/c dr. 11000

discount a/c dr. 300

to naman's a/c 11300

Explanation:

your 2 march transation is not clear!