listed are recorded in the journal: · Part 2

account with SBI) Apr. Priya A/c , To Sales A/c , (Goods sold to Priya On Credit) Apr. Bank A/c , To Priya A/c , (Cheque Received from Priya) Apr. Nidhi A/c , To Sales A/c , (Sale of goods to Nidhi on credit) Apr. Cash A/c , To Nidhi A/c , (Cash received from Nidhi) Apr. Purchases A/c To Ritu A/c (Purchase of goods on credit) Apr. Insurance Premium A/c , To Bank A/c , (Payment of Insurance premium by cheque) Apr. Rent A/c , To Cash A/c , (Rent paid) Apr. Charity A/c , To Purchases A/c , (Goods given as charity) Apr. Furniture A/c , To Cash A/c , (Purchase of office furniture) Apr. Drawings A/c , To Cash A/c , (With drawl of cash from the business for personal use of the proprietor) Apr. Cash A/c , To Interest received A/c , (Interest received) Apr. Cash A/c , To Sales A/c , (Sale of goods for cash) Total c/f , , , , Total c/f , , , , Apr. Commission A/c , To Bank A/c , (Commission paid by cheque) Apr. Telephone expenses A/c , To Cash A/c , (Payment of telephone bill) Apr. Salaries A/c , To Cash A/c , (Payment of salary to the office persons) Total , , , , Illustration Prove that the accounting equation is satisfied in all the following transactions of Sita Ram house by preparing the analysis table. Also record the transactions in Journal. Business commenced with a capital of Rs. , , . Rs. , , deposited in a bank account. (iii) Rs. , , Plant and Machinery Purchased by paying Rs. , cash immediately. (iv) Purchased goods worth Rs. , for cash and Rs. , on account. (v) Paid a cheque of Rs. , , to the supplier for Plant and Machinery. (vi) Rs. , cash sales (of goods costing Rs. , ). (vii) Withdrawn by the proprietor Rs. , cash for personal use. (viii) Insurance paid by cheque of Rs. , . (ix) Salary of Rs. , outstanding. (x) Furniture of Rs. , purchased in cash. Solution Journal L.F. Debit Credit Cash A/c , , To