Question

Write Journal entries for the following transaction :

2020.

Dec. 1 Brought stock of Rs, 10000, cash of Rs. 15,000, Furniture of Rs. 10000 and

bank balance of Rs 10000 and commenced business.

Goods of 10,000 pruchased from “Amar Sons” at 10 % trade discount.

19. Withdraw goods of Rs 3000 and cahs Rs. 5000 for personal use.​

Answer 1

Answer:

2020 Particulars. DR. CR

1)Purchases A/c------- Dr. 10000

Cash A/c. -------- Dr. 15000

Furniture A/c. ------- Dr. 10000

To Capital A/c. 35000

2)Bank A/c. ----- Dr 10000

To Capital A/c. 10000

3)Purchases A/c. ---- Dr. 9000

To Amar Sons. 9000

4)Capital A/c --------- Dr. 8000

TO Drawing A/c. 8000