Question

Journalise the following translation of sawrroop trader 1/1/2017 Busines stared with cash ₹100000 2/1/2017 opend bank account with sbi ₹5000 5/1/2017 purchase goods to Suma ₹20000 10/1/2017 good returned from suma ₹17,500in full settlement of her account 20/1/2017 paid for stationery ₹1000 23/1/2017 paid rent by cheque ₹4000 25/1/2017 drew for personal use ₹3000 28/1/2017 purchased furniture on credit from siddeshwar steels Hubli ₹10000 30/1/2017 salary out satanding ₹60000

Answer 1

Answer:

Explanation:

1/1/2017 cash ac dr 100000

To capital ac.

2/7/2017 SBI Bank ac dr 5000

To cash ac

5/7/2017 Purchase Ac dr 20000

To Suma ac

10/7/2017 Suma ac dr 17500

To purchase return ac

20/7/2017 stationary ac dr 1000

To cash ac

23/7/2017 rent ac dr 4000

To bank account

25/7/2017 drawing ac dr 3000

To cash ac

28/7/2017 furniture ac dr 10000

To Hubli steel ac

30/7/2017 salary ac dr 60000

To cash ac