Question

Record the following transactions in Journal :
2015

Jan. 1 Ram started business with cash * 10,000 and goods worth 5,000.

Jan. 4 He deposited into bank 9,000.

Jan. 6 Bought goods from Mohan on credit @ 10% trade discount worth *2,500.

Jan. 10 Mohan was paid by cheque *2,000 and balance in cash.

Jan. 14 Sold goods on credit to Bharati * 1,000.

Jan. 20 Received a cheque from Bharati *980 and discount allowed * 20. Thecheque was deposited into bank on the same date.

Jan. 30 Paid shop rent 500.

Jan. 30 Withdrew for personal use * 1,200.​

Answer 1

Answer:

Jan 1. cash a/c. ...dr. 10000

goods A/c. ...dr. 5000

To capital a/c. 15000

Jan 4. bank a/c. ... dr 9000

To cash a/c. 9000