Question

Journalize the following transactions, Post them into leger and prepare a Trail balance.
a) Business started with 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 Authomobiles Rs. 8,000
e) Goods purchased from Ramlal and Sons Rs. 6,00,000
f) Intrest paid to Ghanshyam and Sons Rs. 6,000
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Answer 1

Answer:

a) cash a/c dr. 500000

capital a/c cr. 500000

b) purchase a/c dr. 200000

jai sons. a/c cr. 200000

c) silky brothers a/c dr. 10000

cash a/c cr. 10000

d) cash a/c. dr. 8000

commission a/c. cr. 8000

e) purchases a/c. dr. 600000

Ramlal and sons a/c. cr. 600000

f) Ghanshyam and sons a/c dr. 6000

cash a/c cr. 6000