Question

Journalize the following transactions.
2015
Mar. 1 Mr. Prasad commenced business with cash 50,000
2 Deposited in bank account 15,000
5 Bought furniture by cheque 2,000
8 Sold goods to Aruna and Co. 2,500
10 Paid Karthik by cheque 925 discount 75
15 Cash sales 25,000
18 Withdraw goods for personal use 500
25 Paid for advertisement 500
28 Withdraw from bank for office use 1000
31 Received commission 1,500​

Answer 1

Answer:

Enter the following transactions in the Journal of Manohar Lal & Sons.: ... April 1, Commenced business with cash, 50,000. 2 ... 8, Sold goods and received a cheque, 25,000. 10 ...