Ananth is a trader dealing in textiles. For the following transactions, pass journal entries for the month of January, 2018. Jan. Rs. 1 Commenced business with cash 70,000 2 Purchased goods from X and Co. on credit 30,000 3 Cash deposited into bank 40,000 4 Bought a building from L and Co. on credit 95,000 5 Cash withdrawn from bank for office use 5,000 6 Cash withdrawn from bank for personal use of Ananthu 4,000 7 Towels given as charities 3,000 8 Shirts taken over by Ananth for personal use 12,000 9 Sarees distributed as free samples 3,000 10 Goods (table clothes) used for office use 200
The answer for posting the entries to ledger accounts and preparation of
Ananth is a trader dealing in textiles. For the following transactions, pass
Jan. Rs.
1 Commenced business with cash 70,000
2 Purchased goods from X and Co. on credit 30,000
3 Cash deposited into bank 40,000
4 Bought a building from L and Co. on credit 95,000
5 Cash withdrawn from bank for office use 5,000
6 Cash withdrawn from bank for personal use of Ananthu 4,000
7 Towels given as charities 3,000
8 Shirts taken over by Ananth for personal use 12,000
9 Sarees distributed as free samples 3,000
10 Goods (table clothes) used for office use 200
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