Question

Journalize the following transactions, Post them into ledger and prepare a Trial balance. a) Business started with a capital of Rs 5,00,000 b) Furniture purchased from Jai sons on credit Rs. 2,00,000 c) Payment made to Silky brothers Rs. 10,000 d) Commission Received from Haryana Automobiles Rs. 8,000 e) Goods purchased from Ramlal and Sons Rs. 6,00,000 f) Interest paid to Ghanshyam and Sons Rs. 6,000​

Answer 1

Answer:

a). capital a/c. dr. 500000

To cash a/c. 500000

b). Furniture a/c dr. 200000

To jai sons 200000

c). silky a/c dr. 10000

To cash a/c. 10000

d). commission a/c dr. 8000

To haryana automobile. 8000

e). purchase a/c. dr. 600000

To ramlal and sons. 600000

f). ghanshayam and sons. a/c. 6000

To interest a/c. 6000