Question

Journalize the following transactions, post them into ledger and also balance the accounts as on 31. Dec 2020. Dec 1 Raj started business with capital of Rs.50,000 2 He purchased furniture for Rs.5.000 3 He bought goods on credit from Vinod for Rs.8,000 14 Sold good to Suresh Rs.5,000 15 Received cash from Suresh Rs.3,000 18 Purchased good for Cash Rs. 12,000 27 Sold goods for cash Rs.8,000 28 Paid rent Rs.1,2000 31 Paid Vinod Rs.3.000 on account​

Answer 1

• Dec 1 Raj started business with capital of Rs. 50000 2 He purchased furniture for Rs.5.000 3 He bought goods on credit from Vinod for Rs.8000 14 Sold good to Suresh Rs.5000 15 Received

Answer 2

hope this will help you buddy