. Journalise the given transactions :
Varun started a business with cash 10,000 furniture 5,000 building 15,000
Cash purchases 2,000
Goods bought from rohit 2,000
Cash sales 1,000
Goods sold to goldy 1,000
Goods returned to rohit 200
Goods given away as charity 300
Goods returned by goldy 200
Goods lost by fire 500
Goods given away as sample 150
Answers
Answer:
1. cash Dr
Furniture Dr
Building Dr
To capital Cr
2. Purchase Dr
To Cash Cr
3. Purchase Dr
To Rohit Cr
4. Cash Dr
To Sales Cr
5. Goldy Dr
To Sales Cr
6. Rohit Dr
To Purchase Return Cr
7. Charity Dr
To purchase
8. Sale Return Dr
To Goldy Cr
9. Good lost by fire Dr.
To Purchase Cr
10. Free Shample Dr
To Purchase Cr
Answer:
1) cash a/c (dr) 10,000
building a/c (dr)15,000
furniture a/c(dr)5000. 30,000
to capital a/c 10,000
(being started a business with cash , furniture , building )
2)purchase a/c. (Dr). 2000
to cash a/c. 2,000
( being Cash purchases)
3) purchases a/c. (Dr). 2000
to Rohit a/c. 2,000
(being Goods bought from rohit)
4) cash a/c. (Dr). 1000
to sales. 1000
(being Cash sales)
5) Goldy a/c. (Dr). 1000
to sales A/c. 1000
(being Goods sold to goldy)
6) Rohit a/c. (Dr). 200
to return a/c. 200
( being Goods returned to rohit )
7) Charity A/C (dr). 300
To Purchases A/C. 300
(being Goods given away as charity )
8) Goldy a/c. (Dr). 200
to return a/c. 200
(being Goods returned by goldy )
9) Loss by fire a/c (dr). 500
To goods lost by fire a/c 500
(being Goods lost by fire )
10) free sample A/c (dr). 150
To Purchase A/c. 150
(being Goods given away as sample)
Explanation:
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