Question

Problems
1 Journalise the following transactions of Mis Haul & Bros.
2010.
Business Started with 2,00,000 and cash deposited
July 1
in
bank 60.000
a) Machinary puichased on credit from 40,0001 -
5) Furniture Purchased from B' for cash 10,000/-
10) Goods sold to y 9000 /-
" Goods Greturned by Y 500/-
12) Goods sold for cash 10,000/-
18) Cash Received from y 4000/-
26) noveutisement expenses 5000)-
30) Stationery perrchased for 2000/-
31) Paid Rent 2000)-​

Answer 1

Answer:

1 Cash Dr

Bank Dr

To Capital Cr

2. Machinery Dr

To Creditors Cr

3 Furniture Dr

To Cash Cr

4 Y debtor Dr

To Sales Cr

5 Sales Return Dr

To Y debtor Cr

6 Cash Dr

To Sales Cr

7 Cash Dr

To Y debtor Cr

8 Noveutisement Expenses Dr

To Cash

9 Purchase Dr

To Cash Dr

10. Rent Dr

To cash Cr