Question

Journalize the Following transactions in the books of Ganesham Ltd. For the year 206-2017
1] Ganesh started his business with cash worth Rs. 2000
2] Borrowed from Mahesh Rs. 12,000
3] Purchased from Furniture on credit Rs. 10,000
4] Purchased goods for cash Rs. 2000
5] Purchases goods from Ram on credit Rs. 1200

Answer 1

1]cash a/c. Dr. 2000
To capital a/c. 2000
2] loan a/c. Dr. 12000
To Mahesh. 12000
3] furniture a/c. Dr. 10,000
To ganesh. 10,000
4] purchases a/c Dr. 2000
To cash. 2000
5]purchases a/c Dr. 2000
To Ram. 2000