Answer:
2019 Jan 1 cash account debit 50000
to capital account 50000
(commenced business with cash)
purchases account debit 10000
to Nikhil 10000
(purchased goods from Nikhil)
Bank account debit 10000
to cash account 10000
( opened a bank account by depositing 10000)
purchase account debit 12000
to cash account 12000
(purchased goods for cash)
8 furniture account debit 5000
to bank 5000
(purchased furniture on credit)
9 cash debit 10000
to sales 10000
( cash sales)
Purchase account debit 18000
To Sandesh 18000
( purchased goods from Sandesh on credit)
Prabhakar Debit 8000
to sales 8000
( sold goods to Prabhakar on credit)
Makrand Debit 15000
to sales 15000
( sold goods to Makrand on credit)
Cash / Bank account debit 6000
To Prabhakar 6000
( received 6000 from Prabhakar)
Bank account debit 10000
to Makrand 10000
Salary account debit 5000
to bank 5000
(paid salaries for the month of January)
Now in ledger account those things which are debited , In their account the things which are credited will come on debit side.
For example in cash account, capital account will come as to capital account and similarly all cash transactions will come in cash account.
Similarly in capital account , cash account will come as by cash account in credit side.
