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
Answer:
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Explanation:
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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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