Question

Show the direct ledger postings for the following transactions:

2017 June:

1 Raja commenced business with cash Rs. 50,000. 

6 Sold goods for cash Rs.  8,000. 

8 Sold goods to Devi on credit Rs. 9,000. 

15 Goods purchased for cash Rs. 4,000. 

20 Goods purchased from Shanthi on credit Rs. 5,000.

Answer 1

Cash Account

Capital Account

Sales Account

Devi Account

Purchase Account

Shanthi Account