1.

On 1st April, 2018, Mohit started business with a capital of ₹ 50,000. He made the following transactions: 2018 ₹ April 03 Purchased goods from Rita on credit for 20,000 April 04 Cash paid to Rita 10,000 April 06 Goods sold to Rohit 25,000 April 08 Received cash from Rohit 20,000 April 12 Goods purchased from Rita 12,000 April 18 Cash paid to Rita 20,000 April 25 Goods sold to Rohit 10,000 April 30 Received cash from Rohit 6,000 You are required to journalise the above transactions and show the respective Ledger accounts.

Answer» On 1st April, 2018, Mohit started business with a capital of ₹ 50,000. He made the following transactions:





















































2018 ₹
April 03 Purchased goods from Rita on credit for 20,000
April 04 Cash paid to Rita 10,000
April 06 Goods sold to Rohit 25,000
April 08 Received cash from Rohit 20,000
April 12 Goods purchased from Rita 12,000
April 18 Cash paid to Rita 20,000
April 25 Goods sold to Rohit 10,000
April 30 Received cash from Rohit 6,000

You are required to journalise the above transactions and show the respective Ledger accounts.


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