Question

Journalise the following transactions, post the same in relevant ledge
account and balance the same.
2018
June | John commenced business with Rs.20,000.
June 2 Paid into bank Rs.5.000.
June 3 Purchased Plant worth Rs.10.000 from Shakti & Co.
June 4 Purchased goods worth Rs. 5,000 form Akbar.
June 6 Goods worth Rs.4,000 sold to Rana
June 8 Sold goods worth Rs.2,000 for cash.
June 10 Goods returned by Rana Rs.50.
June 15 Paid rent Rs.250.​

Answer 1

Answer:

I have passed the journal entries and prepared the cash account.