Question

journalist the following transaction
2020
Jan 1-Business started with cash 1,20,000
Jan 4-Goods purchased for cash 20,000
Jan 10-Purchased furniture 30,000
Jan 20-Goods sold to rupali 10,000
Jan 25-Rupali returned goods for 500
Jan 31-Drew cash for personal use 10,000​

Answer 1

cash a/c. Dr 120000

To capital A/c. 120000

Purchase A/c. Dr 20000

To cash A/c 20000

Furniture A/c Dr 30000

To cash A/c. 30000

Rupali's A/c. Dr 10000

To sales A/c. 10000

sales return A/c Dr. 500

To Rupali's A/c. 500

Drawings A/c. Dr. 10000

To cash A/c. 10000