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Illustration: 2

Journalize the following transactions:

1. Business started with ₹15,00,000 and cash deposited with bank ₹11,50,000
2. Purchased machinery on credit from Rangan ₹50,000
3. Bought furniture from Ramesh for cash ₹25,000

Sagot :

GinnyAnsweridn
Let's break down and transcribe the transactions step-by-step as given in the problem:

Transaction on 1st of the month:
1. Business started with capital:
- Business capital: Rs. 85,00,000
2. Cash deposited with the bank:
- Cash deposited with the bank: Rs. 11,50,000
- Cash left in hand after deposit: Rs. 85,00,000 - Rs. 11,50,000 = Rs. 73,50,000

So, after the first transaction:
- Business Capital: Rs. 85,00,000
- Bank Deposit: Rs. 11,50,000
- Cash in Hand: Rs. 73,50,000

Transaction on 3rd of the month:
3. Purchased machinery on credit from Rangan:
- Machinery purchased: Rs. 50,000

Since the machinery is purchased on credit:
- Machinery Purchase Credit: Rs. 50,000

Transaction on 6th of the month:
4. Bought furniture from Ramesh for cash:
- Furniture purchase: Rs. 25,000
- Cash paid: Rs. 25,000
- This amount is deducted from the cash in hand.

So, the new cash in hand after purchasing the furniture:
- New Cash in Hand: Rs. 73,50,000 - Rs. 25,000 = Rs. 73,25,000

To summarize:
- Business Capital: Rs. 85,00,000
- Cash Deposited in Bank: Rs. 11,50,000
- Cash in Hand post all transactions: Rs. 73,25,000
- Machinery Purchase Credit: Rs. 50,000
- Furniture Purchase Cash: Rs. 25,000

These values provide a detailed breakdown of the transactions as required.
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