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 Payment made to Silky brothers Rs. 10,000 Commission Received from Haryana Automobiles Rs. 8,000 Goods purchased from Ramlal and Sons Rs. 6,00,000 f) Interest paid to Ghanshyam and Sons Rs. 6,000​

Answer 1

journal entry

1. cash a/c _____dr 5,00,000

_to capital a/c _____5,00,000

( being started business with capital )

2. furniture a/c ___dr 2,00,000

to jai sons ________2,00,000

( being purchased furniture from jai sons on cr )

3.silly brothers a/c _____ dr 10,000

to payment a/c ____10,000

(being payment made for silky brother )

4. commision a/c ____dr 8,000

to Haryana automobiles a/c__8,000

( being recieved commission from Haryana automobile )

5 purchase a/c ______dr6,00,000

to ramlal and sons a/c ___6,00,000

( being purchase goods from ramlal and sons )

6.ghanshyam and sons a/c ___dr 6,000

to intrested a/c ___________6,000

total ------- 1324000--1324000