Question

write journal entry for the following
(i) Rakesh started business with a capital of 1,50,000
(ii) Deposited money with the bank * 80,000
(iii) Purchased goods from Mahesh and paid through debit card * 25,000
(iv) Sold goods (costing 10,000) to Mohan for 14,000 who pays through debit card
(v) Commission received by cheque and deposited the same in the bank * 2,000
(vi) Paid office rent through ECS 6,000
(vii) Sold goods to Raman for 15,000 of which 5,000 was received at once
59​

Answer 1

cash a/c. Dr

to capital a/c

bank a/c. Dr

to cash a/c

goods a/c. Dr

to debit card

sales a/c. Dr

to.goods a/c

bank a/c. Dr

to commission received

rent a/c. Dr

to cash a/c

sales a/c. Dr

to raman a/c

cash. a/c. Dr

to raman a/c