Accounting Basic Journal Entry Question and Answer
Friday 25 December 2020
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Journal Entry Question And Answer
On April 01, 2020 Shyam Started Business with Rs. 200,000 and other transactions for the month are:
By Cash Dr. 100,000 ...........
To Owner Equity Shyam ............ 100,000
( Being Started Business With Cash )
02. Purchase Goods For Cash Rs. 5000 and for Credit Rs. 2000 from krishna Retail Store.
By Purchase A/C Dr. 7000 ..........
To Cash ........... 5000
To Krishna Retail Store ........... 2000
( Being Purchase Good On Cash and Credit)
03. Purchase Furniture For Cash Rs. 10,000.
By Furniture A/c Dr. 10,000 .........
To Cash ........... 10,000
( Being Purchase Furniture For Cash )
07. Sold Goods To Shiva Brothers Rs. 15,000 and cash Sales Rs. 5,000.
By Cash Sales Dr. 5,000 ..........
By Shiva Brothers Dr. 15,000 ..........
To Sales A/c .......... 20,000
( Being Cash and Credit Sales For Shiva Brothers )
14. SBI Bank Cash Deposit 15000.
By SBI Bank Dr. 15,000 ..........
To Cash .......... 15,000
( Being Amount Deposit For Cash )
22. Owner withdrew of SBI Bank Rs. 10,000 for personal use.
By Drawing Dr. 10,000 ..........
To SBI Bank ........... 10,000
( Being Owner Withdrew For Personal Use)
24. Paid Krishna Retail Store Rs. 1500.
By Krishna Retail Store Dr. 1500 ..........
To Cash ....... 1500
(Being Amount Paid To Krishna retail Store )
26. Received Rs. 15,000 From Shiva Brothers
By Cash Dr. 15,000 ...........
To Shiva Brothers ........... 15,000
(Being Amount Receive Cash From Shiva Brothers.)
30. Paid Salaries Expenses Rs. 5000.
By Salaries A/c Dr. 5,000 .........
To Cash ......... 5,000
( Being Salary Paid to Cash )
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