1.

Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri Rakesh): 2019 ₹ Jan 1 Rakesh commenced business with cash 50,000 Jan 2 Purchased goods for cash 10,000 Jan 5 Purchased goods from Mohan, Delhi 6,000 Jan 7 Opened bank account with Bank of India 10,000 Jan 10 Purchased furniture for office 2,000 Jan 15 Sold goods for cash 8,000 Jan 20 Sold goods to Ram, Delhi 5,000 Jan 25 Cash sales 3,500 Jan 27 Paid to Mohan on account 3,000 Jan 28 Ram returns goods costing 500 Jan 31 Paid Salaries 9,000 Jan 31 Rejected and returned 10% of goods supplied by Mohan

Answer» Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri Rakesh):





































































2019 ₹
Jan 1 Rakesh commenced business with cash 50,000
Jan 2 Purchased goods for cash 10,000
Jan 5 Purchased goods from Mohan, Delhi 6,000
Jan 7 Opened bank account with Bank of India 10,000
Jan 10 Purchased furniture for office 2,000
Jan 15 Sold goods for cash 8,000
Jan 20 Sold goods to Ram, Delhi 5,000
Jan 25 Cash sales 3,500
Jan 27 Paid to Mohan on account 3,000
Jan 28 Ram returns goods costing 500
Jan 31 Paid Salaries 9,000
Jan 31 Rejected and returned 10% of goods supplied by Mohan



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