Q.2. Journalise the following transactions in the books of Miss. Nivedita.
2010
May
1. Commenced business with Cash * 2,10,000.
4. Purchased goods for cash * 60,000.
5. Sold goods for cash 70,000.
9. Deposited into Bank of India 1,00,000.
13.Paid for stationery 10,000.
17. Purchased Computer with printer 40,000.
21. Purchased goods from Ravi of 50,000 on credit.
25. Paid for Office Rent 2,000.
26. Received Commission *1,000.
30. Withdrew from Bank for office use * 50,000
31. Paid for salaries 4,500.
Answers
Answer:
2010 May
1 cash a/c Dr 2,10,000
To capital a/c 2,10,000
(Being commenced business)
4 purchase a/c Dr 60,000
To cash a/c 60,000
(Being cash purchase)
5 cash a/c Dr 70,000
To sales a/c 70,000
(Being cash sales)
9 bank a/c Dr 1,00,000
To cash a/c 1,00,000
(Being deposited into bank)
13 cash a/c Dr 10,000
To stationary a/c 10,000
(Being stationary paid)
21 purchase a/c Dr 50,000
To ravi a/c 50,000
(Being credit purchase from ravi)
25 office rent a/c Dr 2,000
To cash a/c 2,000
(Being paid to office rent)
26 cash a/c Dr 1,000
To commission a/c 1,000
(Being received commission)
30 drawings a/c Dr 50,000
To bank a/c 50,000
(Being withdrew from bank)
31 salary a/c Dr 4,500
To cash a/c 4,500
(Being salary paid)
Step-by-step explanation: