Accountancy, asked by mohdghousemohiuddinp, 10 months ago

Journalise the following transactions. Post them into ledger and prepare a Trial
balance.
a) Business started with a capital of Rs 8,00,000
b) Furniture purchased in cash from Jai Rs. 38,000
c) Payment made to Raman Rs. 5,000
d) Commission Received from Suresh Rs. 2,000
e) Goods purchased from Ramlal Rs. 7,00,000
f) Rent paid to Anil Rs. 3,000

Answers

Answered by sukhu21
0

Answer:

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Explanation:

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Answered by PiaDeveau
0

Journal entry

Explanation:

                                  Books of (----Limited)

                                      Journal Entry

Date         Account Title and Explanation       Debit      Credit

            Cash                            A/c Dr.           8,00,000

                     To Capital          A/c                                  8,00,000

                       (Being business start with 8,00,000)  

           Furniture                  A/c Dr.               38,000

                      To Cash        A/c                                      38,000

                (Being furniture brought from Jai in cash)        

           Raman               A/c Dr.                       5,000

                   To Cash      A/c                                            5,000

                     (Being amount paid to Raman)

               Cash            A/c Dr.                         2,000

                   To Commission Received A/c                     2,000

                         (Being cash received from Suresh)

             Purchase                  A/c Dr.             7,00,000

                 To Ramlal               A/c                                      7,00,000

                       (Being Stock purchase from Ramlal)

            Rent                            A/c Dr.              3,000

                  To cash              A/c                                      3,000

                            (Being rent paid to Anil)

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