Question

Normalise the following transaction, post them into ledger and prepare a trial balance
A , business started with a capitalof 800000
B, furniture purchase in cash from jai 38000
C, payment made to Raman RS 5000
D, commission received from Suresh 2000
E, goods purchase from ramlal 700000
F, rent paid anil 3000

Answer 1

Explanation:

a. cash a/c________dr. 8,00,000

to Capital a/c. 8,00,000

b. furniture a/c______dr. 38,000

to cash a/c. 38,000

c. raman a/c_______dr. 5,000

to cash a/c 5,000

d. cash a/c________dr. 2,000

to commissiona/c 2,000

e. purchase a/c._____dr. 7,00,000

to ramlal a/c. 7,00,000

f. rent a/c________dr. 3,000

to cash a/c. 3,000