Question

Ramesh started business with cash rupees 100000, paid into Bank 20000, bought goods for cash rupees 50000, draw cash from bank for for office use rupees 10000, sold goods to Krishna rupees 15000, bought goods from Shyam rupees 22500, Krishna returned goods rupees 2,000, received from Krishna rupees 12000 allowed him discount 500, received from Krishna 12000 allowed him discount 500, paid cash to Sham 21,000 discount received 1,000 cash sales for month rupees 8000, rent a rupees 5000, paid salary 10000 write the following transaction general entry and ledger​

Answer 1

2018 April 1 Ramesh started business with cash 1,00,000 April 2 Paid into bank 20,000 April 3 Bought goods for cash 50,000 April 4 Drew cash from bank for office use 10,000 April 13 Sold goods to Krishna on credit 15,000 April 20Bought goods from Shyam an credit 22,500 April 24 Received from Krishna 12,500 Allowed him discount 500 April 28 Paid cash to Shyam 21,500 Discount received 1,000 April 28 Krishna returned goods 2,000 April 30 Cash sales for the month 80,000 April 30 Paid rent 5,000 April 30 Paid salary 10,000