Pass journal entry
1 Business started with cash 3,50,000
3 Goods purchased form Manisha 1,70,000
5 Open a bank account with SBI for 35,000
7 Goods amounting to Rs.45, 000 was sold for on cash basis. 60,000
13 Goods costing to Rs.80, 000 was sold on credit. 1,25,000
19 Withdrawn by owner for personal use 25,000
21 Interest received cash 1,200
25 Furniture purchased in cash. 30,000
27 Insurance paid by cheque of 2,500
31 Salary paid in cash 6,000
31 Rent Paid in cash 1,000
Answers
Answer:
1) Cash a/c. dr 3,50,000
to capital a/c. 3,50,000
(Being started business with cash)
3) Purchase a/c. dr 1,70,000
to Manisha a/c. 1,70,000
(Being goods purchase from Manisha)
5)Bank a/c. dr 35,000
to cash a/c. 35,000
(Being open a bank account)
7)Cash a/c. dr 60,000
to sales a/c. 60,000
(Being goods sale)
13) Debtor a/c. dr 1,25,000
to sales a/c. 1,25,000
(Being goods sale on credit)
19) Drawings/Capital a/c. dr 25,000
to cash a/c. 25,000
(Being cash withdraw from personal use)
21) Cash a/c. dr 1200
to interest a/c. 1200
(Being interest received in cash)
25) Furniture a/c. dr 30,000
to cash a/c. 30,000
(Being furniture purchase)
27) Insurance a/c. dr 2,500
to bank a/c. 2,500
(Being insurance paid by cheque)
31) Salary a/c. dr 6,000
to cash a/c. 6,000
(Being Salary paid)
31) Rent a/c. dr 1,000
to cash a/c. 1,000
(Being rent paid)
Hope it helps you