Question

Journalise the following transactions of Rahul
Rahul started business with cash =100000
paid into bank =60000
bought goods from Singh and co.= 20000
paid advance for purchase of HP printers for 15000=5000
purchased calculator=1000
purchased computer and paid by cheque=13000
paid for postage=150
sold goods for cash=4000
sold goods to Sharda and co.=1000
paid cartage of goods sold to Sharda and co.=200
paid to Singh and co. on account=17500
sold goods to Ray and co.=5600
received a cheque from Sharda and co. in settlement of amt. used for them=9750
paid for electricity charges=1000
paid salary to office staff=1500
drew cash for personal use=3500​

Answer 1

Yeh kya hai

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