Question

Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor S
1 Rakesh commenced business with cash..
2 Purchased goods for cash.
5 Purchased goods from Mohan, Delhi on credit
7 Opened bank account with Bank of India.
10 Purchased furniture for office.
15 Sold goods for cash.
. 20 Sold goods to Ram, Delhi on credit
n. 25 Cash sales...
27 Paid to Mohan on account
28 Ram returns goods
n. 31 Paid Salaries
....................
n. 31 Rejected and returned 10% of goods supplied by Mohan
CGST and SGST is levied @ 6% each on intra-state sale and purchase. IGST is le
on inter-state sale and purchase.​

Answer 1

Answer:

cash a/c dr

to capital a/c

purchase a/c dr

to cash a/c