Question

please someone solve this, if you don't know then it's ok. Journalise the following transactions in the books of Nikhil - (JOURNAL ENTRY)
2020 March 1st. started business with cash rs 20,000 Goods rs 20,000,bank loan rs 20,000/-
March 3rd. Cash Sales of a rs 8,000 @ 10% Trade.Discount & 5% Cash.Discount.
March 5th. Deposited cash into Bank rs 2,000/-
March 7th. Received cash of rs 900/- from Shruti in full settlement of her account rs 1,000/-
March 9. Purchased Furniture of rs 2,000/-
March 11. Sold old Machinery of rs 2,000/-
March 13. Purchased goods from Aakash rs 4,000/- @ 10%.Trade.Discount and Paid
half amount by cash.
March 15. Rent Paid by Cheque rs 1,000/-
March 17. Purchased a Donkey of rs 5,000/- for business purpose
March 19. Paid cash to Arya
rs 1,900/- in full settlement of her account rs 2,000/-​

Answer 1

Answer:

2020 MARCH

1st. cash a/c. (Dr)

goods a/c

bank loan a/c

to capital a/c

3rd. cash a/c. (Dr)

to sales a/c

5th. bank a/c. (Dr)

to cash a/c

7th. cash a/c. (Dr)

to Shruthi a/c

9th. furniture a/c. (Dr)

to cash a/c

11th. machinery a/c. (Dr)

to sales a/c

13th. purchased a/c. (Dr)

to akash a/c

15th. rent. a/c. (Dr)

to cheque a/c

17th. donkey a/c. (Dr).

to cash a/c

19th. arya a/c. (Dr)

to cash a/c

Explanation:

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