1. Ram started a business with cash Rs. 1,00,000
2.Purchased
goods from Mohan for cash Rs. 20,000
Date
|
Particulars
|
L.F
|
Amount
(Debit)
|
Amount
(Credit)
|
1
|
Cash A/c Dr
To Capital A/c
(Being the business started with
cash)
|
1,00,000
|
1,00,000
|
|
2
|
Purchase A/c Dr
To Cash A/c
(Being the goods purchase for cash)
|
20,000
|
20,000
|
Solution.
Date
|
Particulars
|
L.F
|
Amount
(Debit)
|
Amount
(Credit)
|
3
|
Sohan
Dr
To Cash A/c
To
Discount
(Being cash paid to Sohan and discount received)
|
1000
|
950
50
|
4. Received Rs
975 From Kishan in
full settlement of his account Rs 1,000
Solution.
Date
|
Particulars
|
L.F
|
Amount
(Debit)
|
Amount
(Credit)
|
4
|
Cash A/c Dr
Discount A/c Dr
To Kishan
(Being cash
received form kishan and
allowed him discount)
|
975
25
|
1000
|
