pass necessary journal entries for the following transactions
opening balance for cash in hand rs.20,000.cash at bank rs 30,000.bills receiable rs 40,000. ram's account(debit balance)rs.50,000.shyams account (credit balance)rs.20,000.outstanding expenses rs.20,000
Journal | |||||
Date | Particulars | L.F. | Debit Amount (Rs) | Credit Amount (Rs) | |
| Cash in Hand A/c | Dr |
| 20,000 |
|
| Cash at Bank A/c | Dr |
| 30,000 |
|
| Bills Receivable | Dr |
| 40,000 |
|
| Ram A/c | Dr |
| 50,000 |
|
| To Shyam A/c |
|
|
| 20,000 |
| To Outstanding Expenses A/c |
|
|
| 20,000 |
| To Capital A/c (b.f.) |
|
|
| 1,00,000 |
| (being Balances of last year brought forward) |
|
|
|
|
|
|
|
|
| |