Question

Q 1. Journalise the following transactions. Post them in to ledger and prepare a Trial balance.

a) Business started with a capital of Rs 8,00,000

b) Furniture purchased in cash from jai Rs. 38000

c) Payment made to Raman Rs. 5000

d) Commission Received from Suresh Rs. 2000

e) Goods purchased from Ramlal Rs. 7,00,000

f) Rent paid to Anil Rs. 3000

g) Goods sold to Jaya Bahaduri in cash Rs. 5,00,000

h) Payment made to Hari Rs. 3920 and discount received Rs. 80

i) Cash received from Neelam Rs. 1880 and discount allowed Rs. 120

j) Bad debts Rs. 400 (20)​

Answer 1

a). Cash a/c Dr 800000

To Capital a/c. 800000

b). Furniture a/c. Dr 38000

To cash. 38000

c) Raman a/c. Dr. 5000

To cash. 5000

d) commission A/c. Dr 2000

To Suresh. 2000

e). purchases a/c. Dr. 700000

To ramlal. 700000

f) Rent a/c. Dr. 3000

To cash. 3000

g). Cash a/c. Dr 500000

To sales a/c. 500000

H). Hari a/c. Dr 3920

To cash. 3840

To discount received a/c. 80

I). Cash a/c. . Dr. 1880

Discount allowed a/c Dr. 120

To. Neelam 2000

j). Bad debt a/c. Dr 400

To sundry debtors. 400

looking all this entries you can prepare ledger and Trial balance.... Here it's not possible to do