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

Cash a c Dr.
To capital a c

Cash a c Dr.
To mahesh a c

Asset a c Dr
To creditors a c

Purchases a c Dr.
To cash a c

Purchases a c Dr.
To Ram a c