Question

Q1 The process of recording transaction in

Journal is called

(1) Posting

(2) Entry making

(3) Adjusting

(4) Journalising

Q2 Every transaction affects atleast _----------- Accounts

(1) One

(2) Two

(3) Three

(4) Four

Q3 Journalist the following transaction in the

books ofABC Ltd for the month of April

April 2010

2 Started business with cash 50000

7 Purchased furniture for cash 6000

10 Purchased goods for cash 5000

15 Sold goods to Hari 5000

20 Cash received from Hari 4000

23 Paid electricity bill 500​

Answer 1

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Ans -1 Journalising

Ans -2 Two

Ans -3 In the above attachment....

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Answer 2

Answer:

1) 4

2) 2

3) cash a/c....dr. 50000

To capital a/c 50000

Furniture a/c. dr. 6000

Tocash a/c

Purchases a/c. dr. 5000

To cash a/c. 5000

Hari a/c. dr. 5000

To Sales a/c. 5000

Cash a/c. dr. 4000

To casha/c. 4000

Electricity bill a/c. dr. 500

To cash a/c. 500