Question

Journalise the transactions!​

Answer 1

Answer: a)

cash a/c. Dr. 1 lakh

Stock a/c Dr. 50k

Furniture a/c. Dr. 30k

To capital a/c. 1,60,000

To amit. 20k

(Being business commenced with cash, goods and furniture and 20k took as loan from amit)

B)purchase a/c. Dr. 29700

To sunita 19,800

To Cash a/c 9405

To discount a/c. 495

(Being goods purchased for cash and credit at 10%t,d and 5% c.d from Sunita 1/3 paid in cash)

C). Raj. Dr. 17820

To sales a/c. 17820

(Being goods sold to raj at 20% profit)

D)laptop a/c. Dr. 22k

Input CGST a/c dr. 1800

Input SGST a/c. Dr. 1800

To yash electronics. 23600

To cash a/c. 2k

( being laptop purchased from Yash electronics at 18% GST and 2k paid for its installation.)

Explanation: