Question

Q1. journalise the following transaction:

a.) paid to a creditor sujit Rs.6000
b.) Interest received Rs.1000 in cash
c.) Goods taken by proprietor Rs.6000

Answer 1

I think this would help you

Journal entries

A) Sujit a/c. 6000

To cash a/c. 6000

(Being paid to

sujit)

B) Cash a/c Dr. 1000

To interest a/c. 1000

(Being interest

received)

C) Drawings a/c dr. 6000

To purchases a/c. 6000

(Being goods taken

for personal use)