Question

Journalise the following transactions.
Jan 1.2020,00018 commenced with cash ₹10, 00,000
Jan 3.2018 purchased goods worth ₹ 2,00,000
Jan 8.2018 sold goods ro Mr. Raghu
Jan 30.2018 salaries paid ₹
Jan 30.2018 rent paid ₹10, 000​

Answer 1

Answer:

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Explanation:

Cash A/C             Dr.            10,00,000

         To capital A/C                                10,00,000

(Started business with cash)

---------------------------------

Purchases A/c  Dr.   2,00,000  

         To Cash A/c                      2,00,000

(Goods purchased for cash)

---------------------------------

Raghu's A/c        Dr.      

          To Sales A/c        

( Goods sold to Raghu)

---------------------------------

Salary A/c          Dr.

          To Cash A/c

(Paid salary)

---------------------------------

Rent A/c             Dr.             10,000

          To Cash A/c                              10,000

(Rent paid)