Journalise the following transactions: Started business with cash ₹ 50,000 Sold goods on credit to Ram ₹ 15,000 Purchased goods for cash ₹ 20,000 Amount transferred to fixed deposit ₹ 50,000 from bank account Sold househ

CS CSEET · Fundamentals of Accounting · PYQS · October 2026
Journalise the following transactions: Started business with cash ₹ 50,000 Sold goods on credit to Ram ₹ 15,000 Purchased goods for cash ₹ 20,000 Amount transferred to fixed deposit ₹ 50,000 from bank account Sold household furniture for ₹ 7,000 and the proceeds were invested into the business Goods costing ₹ 5,000 was given as charity Goods destroyed by fire-cost price ₹ 10,000 Salaries due to staff at year end ₹ 30,000.

Topics: Journal Entries

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