Question

Journalise the following transactions of m/s new swami agency
2018
Jan. 1 commenced business with cash. 80,000
Jan 2 bought building for cash. 30,000
Jan 3 goods purchased for cash 12000
Jan 5 goods sold for cash. 8000
Jan 7 goods purchased made to prateek 20,00
Jan 9 partl6 payment made to prateek. 14000
Jan 15 sold goods to pinky. 14000
Jan 19 paid intrest expenses. 1000
Jan 25 paid salaries for the month. 5000​

Answer 1

Answer:

Jan. 1, cash a/c Dr. 80000

to Capital a/c. 80000

Jan. 2, Building a/c Dr. 30000

to Cash a/c 30000

Jan. 3, Purchased a/c Dr. 12000

to Cash a/c. 12000

Jan. 5, Cash a/c Dr. 8000

to Sales a/c. 8000

Jan. 7, Purchased a/c Dr. 20000

to Prateek a/c. 20000

Jan. 9, Prateek a/c Dr. 14000

to Cash a/c. 14000

Jan. 15, Pinky a/c Dr. 14000

to Sales a/c. 14000

Jan. 19, Interest a/c Dr. 1000

to Cash a/c. 1000

Jan. 25, Salaries a/c Dr. 5000

to Cash a/c. 5000