Journal Entry
Date Particulars Debit Credit
Apr-01
Cash Account 100,000
To Owner's Equity/ Capital Account 100,000
(Started Businees with cash of 100,000)
Apr-02
Furniture Account 7,000
To Cash Account 7,000
(Being Purchase of Furniture by cash of 7,000)
Apr-08
Purchase Account 3,000
To Cash Account 2000
To Account Payable to Khalid Retail Store 1000
(Being Purchase of goods worth 3000 done for cash 2000 and credit 1000)
Apr-14
Account Recivable from Khan Brothers 12,000
Cash Account 5
To Sales Account 17,000
(Being Sales of good worth 17,000 done for cash 5,000 And remaining on credit)
Apr-18
Drawing Account 2,000
To Cash Account 2,000
(Being cash of 2000 withdrawn by owner)
Apr-22
Account Payable to Khalid Retail store 500
To Cash Account 500
(Being payment of 500 done to Khalid retail store)
Apr-26
Cash Account 10,000
To Account Recivable from Khan Brothers 10,000
(Being Payment of 10,000 received from Khan Brothers)
Apr-28
Salaries Account 2,000
To Cash Account 2,000
(Being salarries of 2,000 paid in cash)
Total Rs.141500 Rs.141500
