Question - 6
Journalise the following transactions:
1. Muneer started his business with Rs.90,000
2. Purchased goods for Rs.63,000
3. Sold goods for Rs.86,400
4. Purchased goods from Salma Rş. 10,800
5. Sold goods to Rani for Rs. 12,960
6 Rani returned goods for Rs. 2,160
7. Returned goods to Salma
Rs.1,800
8. Received from Rani on account Rs.9,900
9. Pald sala'y to Sadaf
Rs.9,000
Answers
Explanation:
1. Cash a /c. Dr. 90,000
To capital a /c. 90,000
2. Purchases a/c Dr. 63,000
To cash a /c. 63,000
3. Cash a /c. Dr. 86,400
To sales a /c. 86,400
4. Purchases a/c Dr. 10,800
To cash a/c. 10,800
5. Cash a/c. Dr. 12960
To sales a/c. 12960
6. Sales return a/c Dr. 2160
To cash a/c. 2160
7. Cash a/c Dr. 1800
To purchases return a/c 1800
8. Cash a/c Dr. 9900
To rani a/c. 9900
9. Salary a/c Dr. 9000
To cash a/c. 9000
I believe you can do the total and narration on your own. if you need help with the narration then tell me so I will add them as well asap.