Question

Journalize the following transactions:
October
01 Mr Kabir started his business with cash Rs 50.000
02. Opened a bank account in HBL Rs 25 000
03 Purchased furniture Rs 11.200
04. Purchased merchandise from Modellid Rs 8.450
05 Cash sales cost price Rs 2.100) at Rs 2.540
06 Purchased on cash Rs 7.230
Credit sales (cost Ps 1.480) to Wali bharat Rs.1.700
15 Paid to Model itd. by cheque Rs 4000
18. Received from Wall bhai Rs 1700
22 Returned merchandise to Model Lid Rs 150​

Answer 1

Answer:

1 cash a/c dr.

To capital a/c

3 furniture a/c dr.

TO CASH a/c