Journslise the following transactions
a) Started business with a capital of 65.000
(b) Opened a bank account with 45000
(c) Purchased goods from Satish 40,000
(d) Sold goods to Ritesh 50.000
(e) Paid cheque to Satish in full settlement 36,000
(f) Received cheque from Ritesh in full settlement 45.000
(g) Paid commission 1.000
(h) Paid rent 500
(1) Taken loan from Yogesh 20.000
() Paid interest on loan 2.000
(k) Withdrew cash for household expenses 3.000
(1) Interest on deposit allowed by bank Im Purchased a table for the owner 200
Answers
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Answer:cash a/c dr 65,000
To capital a/c 65,000
b.bank a/c dr45,000
To cash a/c 45,0000
C.purchase a/c dr 40,000
To satish a/c 40,000
d.rites a/c dr 50,000
To sale a/c 50,000
e. Satish a/c dr 36,000
To bank 36,000
F.bank a/c dr.45,000
To rites a/c 45,000
G. Cash a/c dr 1,000
To commision 1,000
H.cash a/c dr 500
To rent 500
I.yogesh a/c dr 20,000
To bank (loan) 20,000
J. Interest a/c dr 2,000
To cash 2,000
K.drawing a/c dr 3,000
To grosary a/c 3,000
L
Explanation: