journalise the following transactions sohan started business with cash rs50000 purchased goods for cash rs 2000 sold goods to manish on credit rs 4000 cash sales rs7000 purchased goods from anju for cash 2000 withdrew money from bank for personal use rs 200 furniture purchased rs 3000 deposit into bank rs2000 received cheque from manish in full settlement of amount due by them rs 3900 cheque received from arun rs 2500 paid for electricity charges rs 500 paid salary by cheque rs 300 rent paid rs 200
please help me out
Answers
Answer:
Goods purchased from Anju and amount paid to arun, I thing thing one of the name is wrong. I have written the entries taking in consideration the names as per question
Explanation:
Cash A/c Dr Rs.50000.0
To capital A/c 50000.0
Being started business in cash)
Purchases A/c Dr 2000.00
To cash A/c
(being purchases in cash)
Manish A/c Dr 4000.00
To sales 4000.00
Cash A/c Dr 7000.00
To sales 7000.00
(being goods sold in cash)
Purchase A/c Dr 2000.00
To Anju's A/c 2000.00
(being purchases from Anju)
Drawings A/c Dr 200.00
To Bank A/c 200.00
(being amount wirhdrawn through Bank for personal use)
Furniture A/c Dr 3000.00
To cash 3000.00
Bank A/c Dr 2000.00
To cash 2000.00
(being furniture purchase in cash)
Bank A/c Dr 3900.00
Discount A/c Dr 100.00
To Manish A/c 4000.00
(being cheque received from Manish in full settlement)
Bank A/c Dr 2500.00
To Arun A/c 2500.00
(being cheque received from Arun)
Electricity charges A/c Dr 500.00
To cash 500.00
(being electricity charges paid in cash)
Salaries A/c Dr 300.00
To Bank A/c 300.00
(being salary paid through cheque)
Rent A/c Dr 200.00
To cash 200.00
(being rent paid in cas)