Question

journlize the following transaction 2009:- started business with 20000 goods 10000 diposite into the bank4000
sold goods to mohan2000 goods rettrun by mohan200
goods purchase from syam3000
goods return to syam150
purchase from amer3000 trade 10% discount

Answer 1

Answer:

1. cash A/c. Dr. 20000

purchases A/c Dr. 10000

To capital A/c. 30000

2. bank A/c Dr. 40000

To Cash A/c. 40000

3. Mohan A/c. Dr. 2000

To Sales A/c. 2000

4. sales returns A/c Dr. 200

To Mohan A/c. 200

5. purchases A/c Dr. 3000

To Syam A/c. 3000

6. syam A/c Dr. 150

To purchases A/c. 150

7. purchases A/c Dr. 2700

To Amer A/c. 2700