Question

prepare journal in the books of k. k. Co. from the following transaction:

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Answer 1

DEC 1:

Cash A/c Dr. 50,000

To Capital A/c 50,000

DEC 6 :

Bank A/c Dr. 20,000

To Cash A/c 20,000

DEC 8:

Purchase A/c Dr. 4,000

To Cash A/c 4,000

DEC 9:

Ram A/c Dr. 2,000

To Cash A/c 1,980

To Discount A/c 20

DEC 10:

Cash A/c Dr. 3,000

To Sales A/c 3000

DEC 11:

Cash A/c Dr. 2000

To sales A/c 2,000

DEC 15:

Purchase A/c Dr. 4,000

To Ram A/c 4,000

DEC 18:

Wages A/c Dr. 300

To cash a/c 300

DEC 20:

Cash A/c Dr. 900

Discount A/c Dr. 100

To Pankaj A/c 1,000

DEC 22:

Cash A/c Dr. 3,000

To Bank A/c 3,000

DEC 25:

Ram A/c Dr. 500

To Bank A/ c 500

DEC 27:

Drawing A/c Dr. 200

To Cash A/c 200

DEC 31:

Salary A/c Dr. 5000

Rent A/c Dr. 1100

To cash A/c 6100

Hope this will help you!!!