Question

Journalise the following transactions of M/s Kumar Fashion House and post the entries to the Ledger: June 05 Business started with cash 4,00,000 June 06 Opened a bank account 80,000 June 18 Rent paid by cheque 5,000​

Answer 1

Answer:

5. cash A/c dr. 400000 To capital 400000. 6. bank A/c dr. 80000 To cash 80000. 18. Rent A/c dr. 5000 To bank 5000