Thmizhanban started book selling business on 1st January 2018. Following are the traasactions took place in his business for the month of January 2018. Pass journal entries and prepare ledger accounts.
| 2018 |
|
| Jan. 1 |
Started business with cash Rs 3,00,000 |
| 2 |
Opened bank account by depositing Rs 2,00,000 |
| 5 |
Goods bought from Tamilnadu Textbook Corporation for cash Rs 10,000 |
| 15 |
Sold goods to MM Traders for cash Rs 5,000 |
| 22 |
Purchased goods from X and Co. for Rs 15,000 and the payment is made through net banking |
| 25 |
Sold goods to Y and Co. for Rs 30,000 and the payment is received through NEFT |
