Kindly answer this.
Solution:
| Date | Particulars | LF | Debit | Credit |
| 2018 | ||||
| Mar. 01 | Cash A/c | Dr. | 60,000 | |
|
To Capital A/c
|
60,000 | |||
| ( Started business with cash) | ||||
| Mar. 02 | Furniture A/c | Dr. | 10,000 | |
|
To Cash A/c
|
10,000 | |||
| (Furniture purchased for cash) | ||||
| Mar. 04 | Purchases A/c | Dr. | 25,000 | |
|
To Cash A/c
|
25,000 | |||
| ( Goods purchased for cash) | ||||
| Mar. 05 | Purchases A/c | Dr. | 15,000 | |
|
To Kamlesh’s A/c
|
15,000 | |||
| (Goods purchased from Kamlesh) | ||||
| Mar. 10 | Kamlesh’s A/c | Dr. | 15,000 | |
|
To Cash A/c
|
15,000 | |||
| (Cash paid to Kamlesh) | ||||
| Mar. 16 | Purchases A/c | Dr. | 6,000 | |
|
To Sohan’s A/c
|
6,000 | |||
| (Goods purchased from Sohan) | ||||
| Mar. 18 | Purchases A/c | Dr. | 8,000 | |
|
To Cash A/c
|
8,000 | |||
| (Goods purchased from Sohan for cash) | ||||
| Mar. 20 | Rent A/c | Dr. | 1,000 | |
|
To Cash A/c
|
1,000 | |||
| (Paid office rent) | ||||
| 1,40,000 | 1,40,000 |