Practical Problem 01

Journalise the following transactions in the books of Anand General Merchants.
2019
Apr-01	Mr. Anand started business with cash Rs 60,000.
5	Purchased goods for cash Rs 30,000.
7	Sold goods of Rs 10,000 to Suresh.
10	Purchased Furniture from Mr. Govind on credit Rs 30,000.
15	Paid for Rent Rs 3000 and paid by debit card.
21	Purchased goods from Urmila on credit Rs 70,000.
27	Paid for Transport Rs 1,000 to United Transport.
30	Paid to Urmila Rs 20,000 on behalf of Sharmila.

In the books of Anand General Merchants
Journal Entries
Date	Particular	L.F	Debit	Credit
2019
Apr-01	Cash A/c …………………………Dr		60,000
	To Capital A/c			60,000
	(Being business started with Cash)
5	Purchase A/c ………………………………………………………………………Dr		30,000
	To Cash A/c			30,000
	(Being Goods Purchased by Cash)
7	Suresh A/c ……………………………………………………………………………Dr		10,000
	To Sales A/c			10,000
	(Being goods sold to suresh on credit)
10	Furniture A/c ………………………………………………………………………Dr		30,000
	To Govind A/c			30,000
	(Being furniture purchased from Mr. Govind on credit)
15	Rent A/c ………………………………………………………………………………Dr		3,000
	To Bank A/c			3,000
	(Being rent paid by Debit Card)
21	Purchase A/c ………………………………………………………………………..Dr		70,000
	To Urmila A/c			70,000
	(Being goods purchased from urmila on credit)
27	Transport Charges A/c ………………………………………………………..Dr		1,000
	To Cash A/c			1,000
	(Being transport charges paid)
30	Sharmila A/c ……………………………………………………………………….Dr		20,000
	To Cash A/c			20,000
	(Being Cash paid to urmila on behalf of sharmila)
	Total		2,24,000	2,24,000