Question

Journalize the following, post them to ledger and compile the trail balance:
1.2.2020 - Mr. Avinash started business with cash - Rs.1,00,000; Goods - Rs.5.000;
furniture - Rs.10,000
2.2.2020 - Bought goods for cash Rs. 5,000
3.2.2020 - Bought goods for Rs.3,000 from Kannan
4.2.2020 - Sold goods for Cash Rs.6,000
5.2.2020 - Sold goods to Shanthi Rs.4,000
6.2.2020 - Opened bank account with SBI and deposited Rs.25,000 cash
7.2.2020 - Withdrew cash for personal use Rs.500
9.2.2020 - Withdrew cash for office use Rs.1,000
10.2.20 - Paid salary to Ramesh Rs.5,000 by cheque
11.2.20 - Received Dividend by cheque Rs. 2,000​

Answer 1

Answer:

1.2.20 Cash A/C -----------Dr.

Goods A/C -----–---Dr.

Furniture A/C -----------Dr.

To Capital A/C

2.2.20 Purchases A/C -----------Dr.

To Cash A/C

3.2.20 Purchases A/C -------------Dr.

To Kannan A/C

4.2.20 Cash A/C -------------Dr.

To Sales A/C

5.2.20 Shanthi A/C -----------Dr.

To Sales A/C

6.2.20 Bank A/C -----------Dr.

To Cash A/C

7.2.20 Drawings A/C -------------Dr.

To Cash A/C

9.2.20 Cash A/C ---------------Dr.

To Bank A/C

10.2.20 Salary A/C ----------Dr.

To Bank A/C

11.2.20 Dividend A/C ---------------Dr.

To Bank A/C