Question

Journalise the following transactions, post to the ledger:




2005







Rs





Nov. 01



Business started with



(i) Cash



1,50,000













(ii) Goods



50,000





Nov. 03



Purchased goods from Harish



30,000





Nov. 05



Sold goods for cash



12,000





Nov. 08



Purchase furniture for cash



5,000





Nov. 10



Cash paid to Harish on account



15,000





Nov. 13



Paid sundry expenses



200





Nov. 15



Cash sales



15,000





Nov. 18



Deposited into bank



5,000





Nov. 20



Drew cash for personal use



1,000





Nov. 22



Cash paid to Harish in full settlement of account



14,700





Nov. 25



Good sold to Nitesh



7,000





Nov. 26



Cartage paid



200





Nov. 27



Rent paid



1,500





Nov. 29



Received cash from Nitesh



6,800









Discount allowed



200





Nov. 30



Salary paid 3,000

Answer 1

nov. 1   Cash A/c     Dr          150000
             Goods A/c   Dr         50000
                  To Capital A/c                    200000
nov. 3   Purchases A/c  Dr     30000
                  To Harish                           30000
nov.5    Cash A/c     Dr           12000
                  To Sales A/c                       12000
nov.8    Furniture A/c   Dr        5000
                To  Cash A/c                           5000
nov.10  Harish          Dr           15000
                 To Cash A/c                          15000