Question

MISCELLANEOUS QUESTIONS
18. Journalise the following transactions in the books of Aakash-
Started business with cash 15.000 and furniture 5.000
Purchased goods from Ram 8.575
Paid * 6.450 to Mohan in full settlement of * 6.500.
Goods worth * 200 was stolen.
(v)
Paid Income tax * SOO.
Ans. Total of Journal 36,075
Joumalise the following transactions in the books of Vijay​

Answer 1

Answer :

i) cash a/c dr 15000

   furniture a/c dr 5000

              to capital a/c 20000

ii) purchases a/c dr 8575

             to ram 8575

iii) mohan dr 6450

              to cash a/c 6450

iv) Loss by theft a/c dr 200

               to purchases a/c 200

v) Income tax a/c dr 500

             to cash/bank a/c 500

(I am assuming 500 in v entry here because amount is not clearly written)

Explanation: