Question

Mr.Suresh of Kanpur commenced business on 1" January 2018 introduction
capital in cash Rs.1,00,000. His transactions during the month were as follow:
2018
Rs.
Jan 1. Bought Goods for Cash
20.000
Jan 3 Sold goods for Cash
7.000
Jan 15 Sold goods to Sharavan
6,000
Jan 18 Bought goods on Credit from Anurag
50,000
Jan 19 Goods returned to Anurag
5,000
Jan 22 Paid electricity bill
1,000
Jan 29 Paid rent by cheque
2.000
Jan 30 Paid to Anurag in Cash in settlement of
his account
44,500
Journalise the above transaction​

Answer 1

Answer:

jan1

cash a/c.........Dr 100000

to capital 100000

jan1

purchases A/c...........Dr 20000

to cash 20000

jan 3

cash a/c..........Dr. 7000

to sale 7000

jan 15

sharavan a/c...........Dr. 6000

to sale 60000

jan 18

purchases A/c............Dr 50000

to Anurag 50000

jan 19

Anurag a/c.......Dr 5000

to purchase return 5000

jan22

electricity bill a/c......Dr 1000

to cash 1000

jan 29

rent a/c...........Dr 2000

to bank 2000

jan 30

Anurag a/c .........Dr. 45000

to cash 44500

to discount received 500