Question

Journalise the following transactions, post them in the ledger and extract balances
2011
Jan 1 Purshottam commneced business with cash * 80,000 and furniture 30,000
Jan 10 Deposited cash into bank * 18.000
Jan. 18 Purchased goods on credit from Dina Pathak 25,000
Feb. 16 Cash paid to Dina Pathak * 16.600 and discount eamed 7400
Mar 24 Purchased stationery from Supriya 6.500.
Mar. 30 Rent paid to Supriya 9000
Plz post into ledger​

Answer 1

Answer:

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Answer 2

Explanation:

use the following golden rules to journalise the given transactions

1.Personal account

Debit the receiver of the benefit

Credit the giver if the benefit

2.Real account

Debit what comes into the business

Credit what goes out of the business

3.Nominal account

Debit all expenses and losses

Credit all incomes and gains