Question

s. Journalise the following transactions
2017 Jan
1). Started business with Cash Rs. 2,30,000
Goods Rs. 1,00,000
Buildings Rs. 2,00,000
4). Bought goods for cash Rs. 5,000
8). Sold goods (costing Rs. 30,000) Rs. 35,000
10). Purchased goods from Rahul Rs. 55,000
14). Sold of goods to Varun (costing Rs.50,000) Rs. 60,000
18). Paid cash to Rahul in full settlement Rs. 53,000
20). Received cash from Varun in full settlement Rs. 59,000
25). Depreciation charge on building Rs. 10,000
30).Fresh capital introduced Rs. 50,000​

Answer 1

Explanation:

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