The following are the transaction of Kumar swami for the month of January 2017. Make journal entries,post them into ledger and balance the account. Jan/1. capital paid into bank 300000. Jan/1. brought stationery for cash 400. Jan/2. Bought goods for cash 25000. Jan/3. Bought postage stamps 600. Jan/5. sold goods for cash 10000. Jan/6. Bought officer furniture from Mahendra bros 40000.
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1. Jan 1 Bank A/c Dr. 3,00,000
To Proprietors Capital A/c 3,00,000
2. Jan 1 Stationery A/c Dr. 400
To Cash A/c 400
3. Jan 2 Purchases A/c Dr. 25,000
To Cash A/c 25,000
4. Jan 3 Postage stamp A/c Dr. 600
To Cash A/c 600
5. Jan 5 Cash A/c Dr. 10,000
To Sales A/c 10,000
6. Jan Office Furniture A/c Dr. 40,000
To Mahenda Bros A/c 40,000
To Proprietors Capital A/c 3,00,000
2. Jan 1 Stationery A/c Dr. 400
To Cash A/c 400
3. Jan 2 Purchases A/c Dr. 25,000
To Cash A/c 25,000
4. Jan 3 Postage stamp A/c Dr. 600
To Cash A/c 600
5. Jan 5 Cash A/c Dr. 10,000
To Sales A/c 10,000
6. Jan Office Furniture A/c Dr. 40,000
To Mahenda Bros A/c 40,000
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