Question

Q. 2
Jounalise the following transaction in the
books of Amandeep
march 2021
started business with cash 50,000 Bank
20000 and Machinery
30,000
Purchased Goods of
of 5000 from Ajay
Paid rent F 2000
and intrest f 1000
goods of f 15,000 to Amit recent
8,000 cash
Received commission & 800 and discount
500
Paid
to Ajay 3000​

Answer 1

Explanation:

Cash a/c. Dr. 50,000

To capital a/c 50,000

( Being cash brought towards business by proprietor)

Bank a/c. Dr. 20,000

To cash a/c. 20,000

(Being paid to bank )

Machinery a/c. Dr. 30,000

To cash a/c. 30,000

(Being machinery purchased for cash)

Purchases a/c. Dr. 5000

To cash a/c. 5000

(Being purchased goods for cash)

Rent a/c. Dr. 2000

To cash a/c. 2000

(Being rent paid)

Interest a/c. Dr. 1000

To cash a/c. 1000

(Being interest paid)

Amit a/c. Dr. 15000

To sales a/c. 15000

( Being sold goods on credit )

Commission a/c. Dr. 800

To cash a/c. 800

To Discount a/c. 500

(Being received commission)

Ajay a/c. Dr. 3000

To cash a/c. 3000

(Being cash paid to Ajay)