Question

Journalise the followtransactions in the books of R. Suresh-
2018
April
1 Started business with cash Rs. 50,000.
5 Paid into bank Rs. 10,000.
7. Purchased goods for cash Rs.4,000.
10 Purchased Furniture and paid by cheque Rs.3,000.
12 Sold goods to Mathew Rs.7.000
15 Withdrew cash from bank for office use Rs.2,000.
20 Purchased stationery Rs.500
28 Paid Rent Rs.1,000.
30 Paid Salaries Rs.3,500,​

Answer 1

Answer:

Required Journal Entries :

Journal Entries in the Books Of R. Suresh ;

• Cash ac Dr. 50,000

To capital ac. 50,000

( started Business with cash )

• Bank ac Dr. 10,000

To cash ac. 10,000

( Paid Into Bank )

• Purchases ac Dr. 4,000

To cash ac. 4,000

( Purchased goods for cash )

• Furniture ac Dr 3,000

To Bank ac. 3,000

( Purchased furniture and paid by cheque )

• Mathew ac Dr. 7,000

To sales ac. 7,000

( Sold goods to Mathew )

• Cash ac Dr. 2,000

To Bank ac 2,000

( Withdrew cash for office use from bank )

• Stationery ac Dr. 500

To Cash ac. 500

( Paid Stationery )

• Rent ac Dr. 1,000

To cash ac. 1,000

( Paid Rent )

• Salaries ac Dr. 3,500

To Cash ac 3,500

( Paid Salaries )

Note :

• Write the date on all entries in Journal

• Write the amount in both debit and credit sides of journal.