1.

Journalise the following transactions in the Journal of M/s. Gupta Brothers (Prop. Shri R. K. Gupta), Delhi and post them to the Ledger: 2019 ₹ March 1 Started business with cash 2,00,000 March 2 Opened bank account with SBI 80,000 March 4 Goods purchased from Raj, Jaipur (Rajasthan) 22,000 March 5 Goods purchased for cash 30,000 March 8 Goods sold to Naman, Delhi 12,000 March 10 Cash paid to Raj 22,000 March 15 Cash received from Naman 11,700 Discount allowed 300 March 16 Paid wages 200 March 18 Furniture purchased for office use 5,000 March 20 Withdrawn from bank for personal use 4,000 March 22 Issued cheque for rent 3,000 March 23 Goods taken for household purpose. These goods were purchased from Raj 2,000 March 24 Drawn cash from bank for office use 6,000 March 26 Commission received 1,000 March 27 Bank charges 300 March 28 Cheque issued for life insurance premium of Proprietor 3,000 March 29 Paid salary 10,000 March 30 Cash sales 20,000

Answer» Journalise the following transactions in the Journal of M/s. Gupta Brothers (Prop. Shri R. K. Gupta), Delhi and post them to the Ledger:












































































































2019
March 1 Started business with cash 2,00,000
March 2 Opened bank account with SBI 80,000
March 4 Goods purchased from Raj, Jaipur (Rajasthan) 22,000
March 5 Goods purchased for cash 30,000
March 8 Goods sold to Naman, Delhi 12,000
March 10 Cash paid to Raj 22,000
March 15 Cash received from Naman 11,700
Discount allowed 300
March 16 Paid wages 200
March 18 Furniture purchased for office use 5,000
March 20 Withdrawn from bank for personal use 4,000
March 22 Issued cheque for rent 3,000
March 23 Goods taken for household purpose. These goods were purchased from Raj 2,000
March 24 Drawn cash from bank for office use 6,000
March 26 Commission received 1,000
March 27 Bank charges 300
March 28 Cheque issued for life insurance premium of Proprietor 3,000
March 29 Paid salary 10,000
March 30 Cash sales 20,000


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