Question

Journalise the following transactions: Paid into bank Rs.11,000 for opening a current account. Withdrew for private expenses Rs.1,000
Withdrew from bank for private use Rs.1,500 Withdrew from bank Rs.3000
Placed on Fixed Deposit A/c at bank by transfer from curren

Answer 1

Answer:

(a) BANK A/C DR 11000

TO CAPITAL 11000

(B) DRAWING A/C DR 1000

TO BANK A/C 1000

(C) DRAWING A/C DR 1500

TO BANK A/C 1500

D) DRAWING A/C DR 3000

TO BANK A/C 3000