Question

You are required to journalise the following transactions:
Balances in the books of Rahul, a computer dealer on 15 April, 2017:
Cash 500: Bank overdraft 1000: Stock 7000; Building 6500;
Computers 3500
on the same day, he sold a computer, the book value of which was 2000 was for
1.950​

Answer 1

Hello!!!

Answer.

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Date particular L.F. Dr Amt Cr Amt

1st apr

2017 Cash Ac Dr...... 500

Stock Ac Dr.... 7000

Building Ac Dr... 6500

Computer Ac Dr.... 3500

To, Bank Overdraft Ac Cr........ 1000/-

To, Capital Ac Cr......................16500/-

( Being assets & liabilities brought forward )

1 April. Cash Ac Dr.......... 1950

2017

Profit & loss Ac Dr.... 50.

To, computer Ac Cr..........2000

( Being computer sold at loss of Rs 50 )

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Thank for asking :)