Blog - Journal Entries Scenario 1

Journal Entries Scenario 1

Journal Entries Scenario 1

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1.Ram Gopal Start Business With Cash  2,00,000.00

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2.Purchase Goods Cash  50,000.00

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3.Sale Goods For Cash  5000.00

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4.Received From Manohar Lal 4000.00

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5.Paid Cash To Hari Krishan 60,000.00

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6.Sold Goods For Cash 6000.00

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7.Paid For Stationary 1000.00

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8.Paid For Office Furniture  80,000.00

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9.Received From Kailash  Chandra  50,000.00

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10.Paid For Advertisement 10,000.00

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11.Purchase Postage Stamps  500.00

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12.Rent Paid By Cheque  3,000.00

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13.Paid Electricity Charges 5,000.00

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14.Buy Goods From Rajesh 50,000.00

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15.Shanker Started Business With Cash Investment of 2,00,000.00

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16.Deposit With HDFC Bank 50,000.00

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17.Purchase Furniture 20,500.00

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18.Paid Electricity Charges 4,000.00

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19.  Purchase Goods 50,000.00

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20.  Sold Goods For Cash 40,000.00

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21.  Paid For Goods 6,000.00

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22.  Cash Sales 5,000.00

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23.  Paid Wages 550.00

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24.  Paid Rent 5,000.00

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71 1 year ago