Question

*Journalise the following transactions, prepare necessary ledgers and a Trial Balance:
2019, Jan
1 Ravi commenced business with cash 1,00,000.
2 Deposited 50,000 in Bank.
4 Purchased furniture for 20,000.
6 Purchased goods from Sheela 40,000.
11 Sold goods for 60,000.
15 Sold goods on credit to Meena 20,000.
18 Received cash from Meena 20,000.
20 Paid to Sheela 40,000.
25 Paid rent 2,000.
28 Received interest of 1,000.
31 Paid salaries 5,000.

Answer 1

Explanation:

addd LCM addd add . multiply low term