Chapter  -4

 Journal Entry

Question - 3

Journalize the following transaction in the books of Himanshu : 
2014
Dec. 01 Business started with cash Rs. 75,000.
Dec. 07 Purchased goods for cash Rs. 10,000.
Dec. 09 Sold goods to swati Rs. 5,000.
Dec. 12 Purchased furniture Rs. 3,000.
Dec. 18 Cash received from swati in full settlement Rs. 4,000.
Dec. 25 Paid Rent Rs. 1,000.
Dec. 30 Paid Salary Rs. 1,500. 
Solution:-