Question

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​

Answer 1

cash A/C debit 800000

to capital A/C credit 800000

furniture A/C debit 38000

to cash A/C credit 38000

raman A/C debit 5000

to cash A/C credit 5000

commission A/C debit 2000

to cash A/C credit 2000

purchase A/C debit 700000

to ramlal A/C credit 700000

rent A/C debit 3000

to cash A/C credit 3000