Question

On 1st January 2013 Ram Murthy commenced business with a capital of
30,000 represented by cash in hand 500; Cash at Bank 5,200; Furniture
& Fitting 3,000; Plant and Machinery 21,300.
His transactions for the month of January 2013 were as follows:
2013
Jan. 2 Purchased goods from Rajgopalan
5,000
3 Sold goods to Vishwanandam
4,500
4 Bought stationery for cash
150
5 Received cash from Vishwanadam
4,400
allowed discount
100
7 Paid Rajagopalan by cheque
4,900
and discount allowed by him
100
9 Deposited in bank
3,000
13 Purchased goods from Chinoy
4,850
16 Sold goods to Mallikarjuna Rao
6,000
20 Received 5,850 from Mallikarjuna Rao
in settlement of the debt due from him
22 Cash Sales
8,000
024
24 Paid 4,800 to Chinoy in settlement of the
debt due to him.
27 Purchased from Godrej Ltd. office desk on credit 1,600
29 Took Loan from Kishore Karwankar
10,000
30 Paid Salaries in cash
2,000
31 Paid rent to landlord by cheque
1,200
​

Answer 1

Answer:

2017

Mar. 01 Cash A/c Dr. 80,000

To Capital A/c 80,000

(Business started with cash)

Mar. 02 Purchases A/c Dr. 36,000

To Cash A/c 36,000

(Goods purchased for cash)

Mar. 03 Machinery A/c Dr. 4,000

To Cash A/c 4,000

(Machinery purchased for cash)

Mar. 04 Purchases A/c Dr. 52,000

To Raghu’s A/c 22,000

To Dilip’s A/c 30,000

(Goods purchased on credit from Raghu and Dilip)

Mar. 06 Raghu’s A/c Dr. 4,000

To Purchases Return A/c 4,000

(Goods returned to Raghu)

Mar. 08 Raghu’s A/c Dr. 18,000

To Cash A/c 17,500

To Discount Received A/c 500

(Cash paid to Raghu in full settlement)

Mar. 10 Mahesh Chand & Co. Dr. 30,400

To Sales A/c 30,400

(Goods sold to Mahesh Chand & Co. at trade discount)

Mar. 13 Cash A/c Dr. 19,800

Discount Allowed A/c 200

To Mahesh Chand & Co. 20,000

(Cash received from Mahesh Chand & Co.)

Mar. 15 Dilip’s A/c Dr. 15,000

To Cash A/c 14,850

To Discount Received A/c 150

(Cash paid to Dilip)

Mar. 20 Cash A/c Dr. 25,000

To Sales A/c 25,000

(Goods sold for cash)

Mar. 24 Cash A/c Dr. 18,000

To Sales A/c 18,000

(Goods sold for cash)

Mar. 25 Rent A/c Dr. 1,500

To Cash A/c 1,500

(Rent paid)

Mar. 26 Cash A/c Dr. 2,000

To Commission A/c 2,000

(Commission received)

Mar. 28 Drawings A/c Dr. 6,200

To Cash A/c 6,200

(Cash withdrawn and fan purchased for

Explanation:

please make me Briliant

Answer 2

Answer:I need answer

Explanation: