Record the following transactionsin Journal of Ram and post them into

Question

Record the following transactionsin Journal of Ram and post them into Ledger

i. Commenced business with cash Rs 6,00,000
ii. Goods purchased fromShah Rs 60,000
iii. Goods returned to Shah Rs 30,000
iv. Interest paid to Shyam Rs 20,000
v. Commission received fromVarun Rs 6,000
vi. Sold goodsto Kabir Rs 5,00,000
vii. Discount allowed to Kabir Rs 20,000
viii. Discountreceived from Shah Rs 9,000
ix. Furniture purchased on cash Rs 80,000
x. Cash paid to Shah Rs 7,000

16 Apr 2024

Answer :

Word Count : 803

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Date	Particulars	Debit (Rs)	Credit (Rs)
i	Cash A/c Dr.	6,00,000
	To Capital A/c		6,00,000
	(Commenced business with cash)
ii	Purchases A/c Dr.	60,000
	To Shah		60,000
	(Goods purchased from Shah)
iii	Shah Dr.	30,000
	To Purchases Returns A/c		30,000
	(Goods returned to Shah)
iv	Interest A/c Dr.	20,000
	To Shyam		20,000
	(Interest paid to Shyam)
v	Cash A/c Dr.	6,000
	To Commission Received A/c		6,000
	(Commission received from Varun)
vi	Kabir Dr.	5,00,000