Question

Journalize the following transactions:
a. Started business with cash Rs.10000 and goods Rs.5000.
b. Paid into current account Rs.4000
c. Sold goods to Neeraj Rs.2000.
d. Goods returned by Neeraj Rs.200.
e. Goods purchased from Kapoor Rs.3000.
f. Goods returned to kapoor Rs.150.
g. Purchased goods from John for Rs. 10000, He allowed a 10% trade discount.
h. Goods worth Rs.500 given as charity
i. Received Rs.975 from Mahesh in full settlement of his account for Rs.1000.
j. Withdraw Rs. 1000 and goods worth 500 for personal use​

Answer 1

Answer:

a)cash a/c dr 10000

stock a/c dr 5000

to capital a/c. 15000

b) bank a/c dr 4000

to cash a/c. 4000

c) neeraj a/c dr. 2000

to sales a/c. 2000

d) sales return a/c dr. 200

to neeraj a/c. 200

e) purchase a/c dr 3000

to mr kapoor a/c. 3000

f)kapoor a/c. dr. 150

to purchase return a/c 150

g) purchase a/c dr 9000

to john a/c 9000

h)non economic transaction

i)cash a/c dr. 975

discount a/c dr. 25

to.mukesh a/c. 1000

j) drawings a/c dr 1500

to purchase a/c. 1500