Question

Journalise the following transactions, post
them into Ledger and prepare a Trial Balance:
(5)
2018
Apr. 1
Mohan commenced business with cash 1,00,000
Apr. 3 Bought goods
5,000
Apr. 4 Sold goods to Gopal
4,000
Apr. 10 Bought goods from Ram
8,000
Apr. 15 Paid trade expenses
2,000
()
2018
Apr. 20 Received cash from Gopal 3,950
Discount Allowed
50
Apr. 25 Paid Wages
700
Apr. 27 Paid to Ram in full settlement 7,700
Apr. 30 Paid rent
1,500​

Answer 1

Answer:

journal entry

Explanation:

2018

apr.1     cash a/c ........dr                           100000

                    to capital a/c                       100000

apr.3      purchase a/c .......dr                   5000

                      to cash a/c                         5000

apr.4       gopal a/c .......dr                         4000

                       to sales a/c                        4000

apr.10       ram a/c ......dr                            8000

                       to cash a/c                         8000

apr. 15        trade expences a/c .....dr       2000

                           to cash a/c                     2000