Question

Q.2 Journalize the following transactions in the books of Roshan for (10) The month of January, 2021. January 2021. 1. Roshan started business with cash Rs.65, 000 and Furniture Rs.50,000. 2. 2. Paid into Bank of Maharashtra Rs. 20,000. 3. 3. Paid for Salary Rs.20, 000 and Rent Rs.5, 000. 4. 4. Received Commission Rs.5, 000. 5. 5. Paid for Printing bill Rs.6, 000 by Debit card of Bank of Maharashtra. 6. 20. Purchased goods from Rajat of Rs. 50,000 at 18% GST. 7. 31. Sold goods to Riya Rs.30, 000 @ 12% GST Answer​

Answer 1

Answer:

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Answer 2

Journal Entry will be-

1 January 2021

Cash A/C DR 65,000

Furniture A/C DR 50,000

              To Capital A/C 1,15,000

(Being a business started with cash and furniture)

2 January 2021

Bank A/C DR 20,000

                To Cash A/C 20,000

(Being amount deposited into the bank)

3 January 2021

Salary A/C DR 20,000

Rent A/C DR 5,000

             To Cash A/C 25,000

(Being salary and rent paid)

4 January 2021

Cash A/C DR 5,000

             To Commission A/C 5,000

(Being commission received)

5 January 2021

Printing Bills A/C DR 6,000

                To Bank A/C 6,000

(Being printing bills amount paid)

20 January 2021

Goods A/C DR 50,000

            To Rajat A/C 50,000

(Being goods purchased)

31 January 2021

Riya A/C DR 30,000

        To Sales A/C 30,000

(Being goods sold)

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