Question

on 1st april 2019 mohit delhi started a business with a capital of ₹ 50000 he made the following transactions during the month of april april3 purchased goods from rita delhi in credit for ₹20000. 4april cash paid to rita ₹10000. 6 april goods sold to rohit chandigarh ₹25000. 8april recieved cash from rohit ₹20000. 12april goods purchased from rita ₹12000. 18april cash paid to rita₹20000. 25april goods sold to rohit chandigarh ₹10000. 30april revieved cash from rohit₹6000​

Answer 1

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✳️${{ \underline{ \bf{JOURNAL\:\: ENTRIES}}}}$✳️

.

▶️ Date - 1st April 2019.

↪️ Cash Ac Dr...50000/-

Cash Ac Dr...50000/- To, Mohit Capital Ac Cr...50000/-

[ Being started business with the cash ₹ 50000.]

.

▶️ Date - 3 April 2019.

↪️ Purchase Ac Dr...20000/-

Purchase Ac Dr...20000/- To, Rita Ac Cr....20000/-

[ Being Purchased good from Rita on credit ]

.

▶️ Date - 4 th April 2019.

↪️ Rita Ac Dr....10000/-

Rita Ac Dr....10000/- To, Cash Ac Cr...10000/-

[ Being Cash paid to Rita in case of goods purchasing ]

.

▶️ Date - 6 th April 2019.

↪️ Sales Ac Dr....25000/-

Sales Ac Dr....25000/- To Rohit Ac Cr...25000/-

[ Being Goods sold to Rohit ]

.

▶️ Date - 8 th April 2019.

️ ↪️ Cash Ac Dr...20000/-

Cash Ac Dr...20000/- To Rohit Ac Cr...20000/-

[Being Cash received from Rohit in case of sale of Goods ]

.

▶️ Date -12 April 2019.

↪️ Purchase Ac Dr...12000/-

Purchase Ac Dr...12000/- To, Rita Ac Cr....12000/-

[ Being Goods purchased from Rita]

.

▶️ Date - 18 th April 2019.

↪️ Rita Ac Dr...20000/-

Rita Ac Dr...20000/- To, Cash Ac Cr..20000/-

[Being Cash paid to Rita in case of Purchasing of Goods]

.

▶️ Date - 25 th April 2019.

↪️ Rohit Ac Dr.....10000/-

Rohit Ac Dr.....10000/- To, Sales Ac Cr...10000/-

[Being Goods sold to Rohit]

.

▶️ Date - 30 the April.

↪️ Cash Ac Dr.....6000/-

Cash Ac Dr.....6000/- To, Rohit Ac Cr....6000/-

[ Being Cash received from Rohit in case of Sale of Goods ]

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Maybe it helps you !!

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