On 1st April ,2019 Mohit , Delhi started business with a capital of Rs. 60,000. He made the following transactions during the Month of April. (I) April 3 Purchased goods from Rita Delhi on credit for Rs. 20,000 /(II) April 4 cash paid to Rita Rs. 10,000 /(III) April 6 goods sold to Rphit Rs. 25,000 /(IV) April 8 received cash from Rohit Rs. 20,000 Pass journal entries and post into ledger.
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Answer:
1. Capital A/c Dr. 60,000
To Mohit A/c 60,000
2. Purchase A/c Dr. 20,000
To Rita A/c 20,000
3. Rita A/c Dr. 10,000
To Cash A/c 10,000
4. Rohit A/c Dr. 25,000
To Sales A/c 25,000
5. Cash A/c Dr. 20,000
To Rohit A/c 20,000
Explanation:
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