Question

Moh1. Mohan commenced business with cash 1,00,000 2. Purchased goods for cash 70,000 3. Purchased goods from Deepak 80,000 4. Purchased furniture for cash 3,000 5. Paid rent 2,000 6. Sold goods for cash 60,000 7. Paid to Rajesh 20,000 8. Withdrew cash for private use 10,000 9. Paid salary 5,000 10. Sold goods Dinesh 80,000an started business with cash rs 80000 journal entry Ledger and trial balance

Answer 1

1. cash a/c dr.  100000
        to capital              100000
2. purchase a/c dr.  70,000
         to cash                      70,000
3.purchase a/c dr.    80,000
         to deepak                   80,000
4. furniture a/c dr.     3000  
         to cash                      3000
5. rent a/c dr.        2000
      to cash                   2000
6.cash ac dr          60,000
        to sales                    60,000
7. rajesh a/c dr          20,000
         to cash                     20,000
8. drawings a/c dr.      10,000
         to bank                         10,000
9. salary a/c dr            5000
  to cash                              5000
10. cash a/c dr.       80,000
         to sales                      80,000
 b).  cash ac dr         80,000
           to capital a/c            80,000