Question

Satya Paul started a new business on 1st April 2021.
His transactions for the month of April are listed below. Journalise the transactions -

2021 April 1 Started business with cash 10,00,000

April 1 Deposited into bank 9,00,000

April 5 Rent paid by cheque 60,000

April 12 Bought stationary for cash 7,000

April 19 Invested in Government Bonds by cheque 1,00,000

April 20 Bought machinery through bank account 2,50,000

April 22 Bought furniture from M/s Furniture Mart on credit 1,50,000

April 24 Bought goods through cheque 4,00,000

April 27 Sold goods to Y on credit 2,50,000

April 28 Received part payment from Y by cheque 1,75,000
Allowed him discount for prompt payment 5,000​

Answer 1

Answer:

cash 10000000

capital stock 10000000

Answer 2

April 1 started 600000 cash back