Journalise the following transaction:
Assets: Cash in Hand Rs.2,000; Cash at Bank Rs. 68,000; Stocks of goods Rs. 40,000; Machinery Rs. 1,00,000; Furniture Rs. 10,000; M/s. Narain Bros. owe Rs. 15,000; M/s B.K. Bros. owe Rs. 25,000.
Liabilities: Loan Rs. 50,000; sum owing to Jacob Bros. Ltd. Rs. 20,000.

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Solution

Cash A/c Dr. 2,000
Bank A/c Dr. 68,000
Stock A/c Dr. 40,000
Machinery A/c Dr. 1,00,000
Furniture A/c Dr. 10,000
M/s. B.K. Bros. A/c Dr. 25,000
M/s. Narain Bros. A/c Dr. 15,000
To Loan A/c 50,000
To Jacob Bros. Ltd. A/c 20,000
To Capital A/c (Balancing Amount) 1,90,000.

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Cash A/c Dr. 2,000Bank A/c Dr. 68,000Stock A/c Dr. 40,000Machinery A/c Dr. 1,00,000Furniture A/c Dr. 10,000 M/s. B.K. Bros. A/c Dr. 25,000M/s. Narain Bros. A/c Dr. 15,000 To Loan A/c 50,000 To Jacob Bros. Ltd. A/c 20,000 To Capital A/c (Balancing Amount) 1,90,000.

Cash A/c Dr. 2,000
Bank A/c Dr. 68,000
Stock A/c Dr. 40,000
Machinery A/c Dr. 1,00,000
Furniture A/c Dr. 10,000
M/s. B.K. Bros. A/c Dr. 25,000
M/s. Narain Bros. A/c Dr. 15,000
To Loan A/c 50,000
To Jacob Bros. Ltd. A/c 20,000
To Capital A/c (Balancing Amount) 1,90,000.