Question

Write following transaction in journal: (i)Commenced business with cash Rs. 15000 (ii)Bought goods for cash Rs. 5000 (iii) Sold goods to Dinesh Rs. 500 (iv) Returned goods to Sharma Brothers Rs. 100 (v) Received cash from Vipul Rs. 700​

Answer 1

Answer:

(i) Cash A/C Dr. 15000

To Capital A/C 15000

(ii) Purchases A/C Dr. 5000

To Cash A/C 5000

(iii) Dinesh Dr. 500

To Sales A/C 500

(iv) Sharma Brother's A/C Dr. 100

To purchase A/C 100

(v) Cash A/C Dr. 700

To Vipul 700