Journalise the following transaction in the books of Sagar : 2022
July 01 Business started with cash ₹ 100000 and furniture ₹ 75000.
July 07 Purchased goods for cash ₹ 10000
July 09 Sold goods to Naveen ₹ 5000
July 12 Purchased Machinery for cash ₹ 3000
July 18 Cash received from Naveen in full settlement ₹4000
July 20 Purchased goods from Ravi ₹27000
July 21 Drew cash for personal use ₹ 5000
July 25 Cash paid to Ravi ₹26500 in full settlement
July 28 Paid Salary ₹1500
July 01 Business started with cash ₹ 100000 and furniture ₹ 75000.
July 07 Purchased goods for cash ₹ 10000
July 09 Sold goods to Naveen ₹ 5000
July 12 Purchased Machinery for cash ₹ 3000
July 18 Cash received from Naveen in full settlement ₹4000
July 20 Purchased goods from Ravi ₹27000
July 21 Drew cash for personal use ₹ 5000
July 25 Cash paid to Ravi ₹26500 in full settlement
July 28 Paid Salary ₹1500
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Answer:
2022
July 01 Cash A/c Dr. ₹ 100000
Furniture A/c Dr. ₹ 75000
To Capital A/c ₹ 175000 (Being business started with cash and furniture)
July 07 Purchases A/c Dr. ₹ 10000
To Cash A/c ₹ 10000 (Being purchases made in cash)
July 09 Naveen A/c Dr. ₹ 5000
To Sales A/c ₹ 5000 (Being goods sold to Naveen)
July 12 Machinery A/c Dr. ₹ 3000
To Cash A/c ₹ 3000 (Being machinery purchased in cash)
July 18 Cash A/c Dr. ₹ 4000
To Naveen A/c ₹ 4000 (Being cash received from Naveen in full settlement)
July 20 Purchases A/c Dr. ₹ 27000
To Cash A/c ₹ 27000 (Being purchases made in cash)
July 21 Drawings A/c Dr. ₹ 5000
To Cash A/c ₹ 5000 (Being cash withdrawn for personal use)
July 25 Ravi A/c Dr. ₹ 26500
To Cash A/c ₹ 26500 (Being cash paid to Ravi in full settlement)
July 28 Salary A/c Dr. ₹ 1500
To Cash A/c ₹ 1500 (Being salary paid in cash)