Question

Journalise the following transactions
March 2005
1. Started business with cash Rs 80,000
2. Cash purchases Rs 25,000
3. Cash sales Rs 20,000
4. Purchased goods from Rahul Rs 55,000
5. Opened bank Account with Canara Bank Rs 5,000
6. Paid cash to Rahul
7. Sold goods to Varun Rs 10,000
8. Received cash from Varun
10. Salary paid Rs 5,000
15. Goods issued for house hold purpose Rs 2,000
20. Paid Electricity bill Rs 750
25. Paid for printing charges Rs 500​

Answer 1

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