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Journal Entries | Numerical Problems Part - 1 | Account

Journal Entries; Business started with cash, Goods purchased for cash, Furniture purchased for cash,. Cash paid to supplier Rs. 3,000,
Following transactions are provided to you:

Jan 1  Business started with cash Rs. 20,000.

Jan 3 Goods purchased for cash Rs. 10,000. 

Jan 7 Furniture purchased for cash Rs. 5,000.

Jan 9 Cash paid to supplier Rs. 3,000.

Required: Journal entries.

Journal entries numerical problems

 DateAccount Titles and Explanation PR  Debit (Rs.)Credit (Rs.) 
 Jan1 Cash a/c                           Dr.
      To capital a/c
(Being business started with cash)                       
 Jan3 Purchased a/c                  Dr.
     To cash a/c
(Being goods purchased on cash) 
 Jan7 Furniture a/c                    Dr.
     To cash a/c
(Being furniture purchased on cash)     
  5,000 5,000
 Jan9 Creditors a/c                    Dr.
     To cash a/c
( being cash paid to supplier)
  3,000 3,000

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