Enter the following transaction in the journal of mudit

Asked by admin @ 20/08/2021 in Accountancy viewed by 3045 People

Enter the following transactions in the Journal of Mudit:-

Jan1 Commenced business with cash Rs.175,000And buildingRs.100,000Jan2-Goods purchased for cashRs. 75,000Jan3 Sold goods to RameshRs. 30,000Jan4 Paid trade expenseRs. 300Jan5-Rs. 10,000Jang Sold goods for cash1 Rs. 9,000Paid wages

Answered by admin @ 20/08/2021

Explanation:

Enter the following transactions in the Journal of Mudit:-

Jan1 Commenced business with cash Rs.175,000

And building

Rs.100,000

Jan2-

Goods purchased for cash

Rs. 75,000

Jan3 Sold goods to Ramesh

Rs. 30,000

Jan4 Paid trade expense

Rs. 300

Jan5-

Rs. 10,000

Jang Sold goods for cash

1 Rs. 9,000

Paid wages

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