Question

Journalize the following transactions in the books of Shankar & Co
1998
June 1
Karthik commenced business with Rs.20,000.
June 2 Paid into bank Rs.5,000.
June 3
Purchased Plant worth Rs.10,000 from Modi& Co.
June 4
Purchased goods worth Rs. 5,000 form Anwar.​

Answer 1

1 Cash Dr 20000

To Capital Cr 20000

2 Bank Dr 5000

To Cash Cr 5000

3 Plant Dr 10000

To Modi & Co. 10000

4 Purchase Dr 5000

To Anwar Cr 5000