Question

Write up journal and post the following transactions to the ledger accounts and balance the accounts: 2019 jan 1 started business with cash rs 20,000 . Jan 5 purchased goods for cash rs 10,000 . Jan 8 sold goods to harendra rs 4,000. Jan 12 purchased furniture for cash rs 600. Jan 19 sold goods for cash rs 7,000. Jan 25 purchased goods from hari rs 9,000. Jan 28 Received cash from harendra rs 2,400 . Jan 31 paid hari in cash rs 3,000.​

Answer 1

Answer:

Journal Entries

Date Particulars L.F. Debit(₹) Credit(₹)

2019

jan 01. Cash A/c Dr. 20,000

To Capital A/c 20,000

(Started business with cash)

Jan 05. Purchases A/c Dr. 10,000

To Cash A/c. 10,000

(Purchased goods for cash)

Jan 08 harendra A/c Dr. 4000

To Sales A/c 4000

(sold goods to harendra)

Jan 12 Furniture A/c Dr. 600

To Cash A/c. 600

(Sold goods on credist to Ram)

Jan 19. Cash A/c Dr. 7,000

To Sales A/c 7,000

(sold goods for cash)

Jan 25 Purchases A/c Dr 9,000

To hari A/c 9,000

(purchased goods from hari)

Jan 28 Cash A/c Dr. 2,400

To harendra A/c 2,400

(cash from harendra)

Jan 25 hari A/c Dr 3,000

To Cash A/c 3,000

(paid hari in cash)