On 1st April, 2019, Mohit, Delhi started business with a capital of �

On 1st April, 2019, Mohit, Delhi started business with a capital of ₹ 50,000. He made the following transactions during the month of April: 2019 ₹ April 3 Purchased goods from Rita, Delhi on credit for 20,000 April 4 Cash paid to Rita 10,000 April 6 Goods sold to Rohit, Chandigarh 25,000 April 8 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, Chandigarh 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, 2019, Mohit, Delhi started business with a capital of ₹ 50,000. He made the following transactions during the month of April:

2019		₹
April 3	Purchased goods from Rita, Delhi on credit for	20,000
April 4	Cash paid to Rita	10,000
April 6	Goods sold to Rohit, Chandigarh	25,000
April 8	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, Chandigarh	10,000
April 30	Received cash from Rohit	6,000

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