Question

Journalize the following transactions in the books of Balu as:

a) Mr. Balu started business by investing cash Rs.50,000.He bought goods of Rs.4,000 and furniture of Rs.500.

b) Purchased building for Rs.10,000

c) Purchased goods for cash for Rs.3,000

d) Purchased goods on credit for Rs.2,500

e) Paid cartage Rs.20​

Answer 1

Answer:

a) cash AC Dr

to capital AC

b) purchase building AC Dr

to cash AC

c) purchase AC Dr

to cash AC

d) purchase AC Dr

to bank AC

e) cartage AC Dr

to cash AC