1. Started business with
Cash Rs.2, 00,000
2.
Purchased Goods from Amit Suppliers on credit of Rs.1,
50,000.
3.
Deposit Cash in to Bank Rs. 25,000
4.
Sold goods to Dynamic Traders Pvt. Ltd. of Rs. 1, 30,000
5.
Received a cheque of Rs. 1, 27,000 from Dynamic Traders
Pvt. Ltd.
6. Issued a cheque of
Rs. 1, 00,000 as a partial payment to Amit Suppliers.
Required:-
- Prepare Journal
Entries
- Posting Ledger
- Prepare Trial
Balance
- Prepare Final
Account ( Trading, P/L & Balance Sheet)
Date
|
Particular
|
L/F
|
Dr. Amount
|
Cr. Amount
|
1
|
54000
30000
25000
40000
5400
10000
24775
20000
225
78600
5000
40000
|
54000
30000
25000
40000
5400
10000
45000
77600
1000
45000
|
||
2
|
Mr.
R a/c………………………………………..Dr.
To Sales a/c
(Being,
|
|||
3
|
Mr.
H a/c………………………………………..Dr.
To Sales a/c
(Being,
|
|||
4
|
Purchased
a/c…………………………………Dr.
To Mr. R a/c
(Being,
|
|||
4
|
Mr.
H a/c………………………………………..Dr.
To Sales a/c
(Being,
|
|||
5
|
Mr.
R a/c……………………………………….Dr.
To Purchase Return a/c
(Being,
|
|||
6
|
Mr.
H a/c……………………………………..Dr.
To
Sales a/c
(Being,
|
|||
7
|
Cash
a/c…………………………………..…Dr.
Bank
a/c…………………….…………….…..Dr.
Discount
a/c………………..………….…….Dr.
To Mr. H a/c
(Being,
|
|||
8
|
Mr.
R a/c………………………………………Dr.
To Bank a/c
To Discount Received a/c
(Being,
|
|||
9
|
Bank
a/c……………………………………..Dr.
Bad
Debt a/c……………………………….Dr.
To Mr. H a/c
(Being,
|
|||
Total…………………………………………………………………….
|
||||
Ledger Account
Capital A/c
Date
|
Particular
|
L/F
|
Amount
|
Date
|
Particular
|
L/F
|
Amount
|
1
|
To
Capital a/c
By
Balanced b/d
|
2,00,000
|
By
Balanced c/d
|
2,00,000
|
|||
2,00,000
|
2,00,000
|
||||||
2,00,000
|
Cash A/c
Date
|
Particular
|
L/F
|
Amount
|
Date
|
Particular
|
L/F
|
Amount
|
2
|
To
Cash a/c
To
Balanced c/d
|
25,000
1,75,000
|
By
Cash a/c
By
Balanced b/d
|
2,00,000
|
|||
2,00,000
|
2,00,000
|
||||||
1,75,000
|
Purchased A/c
Date
|
Particular
|
L/F
|
Amount
|
Date
|
Particular
|
L/F
|
Amount
|
3
|
To
Balanced c/d
|
1,50,000
|
By
Purchase a/c
By
Balanced b/d
|
1,50,000
|
|||
1,50,000
|
1,50,000
|
||||||
1,50,000
|
Bank A/c
Date
|
Particular
|
L/F
|
Amount
|
Date
|
Particular
|
L/F
|
Amount
|
4
|
To
Bank a/c
To
Balanced c/d
|
1,00,000
52,000
|
By
Bank a/c
By
Bank a/c
By
Balanced b/d
|
25,000
1,27,000
|
|||
1,52,000
|
1,52,000
|
||||||
52,000
|
Sales A/c
Date
|
Particular
|
L/F
|
Amount
|
Date
|
Particular
|
L/F
|
Amount
|
5
|
To
Sales a/c
To
Balanced b/d
|
1,30,000
|
By
Balanced c/d
|
1,30,000
|
|||
1,30,000
|
1,30,000
|
||||||
1,30,000
|
Amit Suppliers A/c
Date
|
Particular
|
L/F
|
Amount
|
Date
|
Particular
|
L/F
|
Amount
|
6
|
To
Amit Suppliers a/c
To
Balanced c/d
|
1,50,000
|
By
Amit Suppliers a/c
By
Balanced c/d
|
1,00,000
50,000
|
|||
1,50,000
|
1,50,000
|
||||||
50,000
|
Dynamic Traders A/c
Date
|
Particular
|
L/F
|
Amount
|
Date
|
Particular
|
L/F
|
Amount
|
7
|
To
Dynamic Traders
To
Balanced c/d
|
1,27,000
3,000
|
By
Dynamic Traders a/c
By
Balanced b/d
|
1,30,000
|
|||
1,30,000
|
1,30,000
|
||||||
3,000
|
Trial
Balance
Date
|
Particular
|
L/F
|
Dr. Amount
|
Cr. Amount
|
1
2
3
4
5
6
7
|
Capital
a/c
Cash
a/c
Purchased
a/c
Bank
a/c
Sales
a/c
Dynamic
Traders a/c
Amit
Suppliers a/c
|
1,75,000
1,50,000
52,000
3,000
|
2,00,000
1,30,000
50,000
|
|
Total......................................................................................
|
3,80,000
|
3,80,000
|
||
Final
Account
Trading A/c
Particular
|
Amount
|
Particular
|
Amount
|
To
Purchase a/c
|
1,50,000
|
By
Sales a/c
By
Gross Loss c/d
|
1,30,000
(20,000)
|
1,50,000
|
1,50,000
|
P/L A/c
Particular
|
Amount
|
Particular
|
Amount
|
To
Gross Loss b/c
|
-20,000
|
By
Net Loss c/d
|
-20,000
|
-20,000
|
-20,000
|
Balance sheet
Liabilities
|
Amount
|
Assets
|
Amount
|
Capital 2,00,000
Less:- Net Loss -20000
Sundry
Creditor
|
1,80,000
50,000
|
Cash
Bank
Sundry
Debtor
|
1,75,000
52,000
3,000
|
2,30,000
|
2,30,000
|
Prepare journal entries
2. Received an order from Kapil for the supply of goods worth
Rs. 240000. In this connection we received Rs. 120000 as Advance.
3. Goods sold for cash Rs. 60000. Also received 7 % sales tax.
4. Given as Charity: Cash Rs. 6000, Goods Rs. 18000 &
Sofa-set worth Rs. 24000.
5. Goods worth Rs. 4200 stolen by an employee.
6. Purchase two House worth Rs. 110000 for the business.
7. Goods given to proprietor daughter Rs. 1800.
8. Goods worth Rs. 6000 Destroyed by fire.
9. Goods worth Rs. 12000 distributed as sample.
10. Bricks worth Rs. 600000 purchased for the construction of
building.
11. Received cash from Rita against bad debt Rs. 22000 written
off last year, Rs. 19800.
12. Place an order with Raj & Co. For the supply of goods
costing Rs. 100000. In the connection, we paid 10 % advance.
Date
|
Particular
|
L/F
|
Dr.
Amount
|
Cr.
Amount
|
1
|
Loss
by thief a/c..........................................Dr.
To cash a/c
(Being,
Cash was stolen from the safe of the firm)
|
6,000
1,20,000
64,200
48,000
4,200
1,10,000
1,800
6,000
12,000
6,00,000
19,800
10,000
|
6,000
1,20,000
64,200
6,000
18,000
24,000
4,200
1,10,000
1,800
6,000
12,000
6,00,000
19,800
10,000
|
|
2
|
Cash
a/c......................................................Dr.
To Kapil a/c
(Being,
Cash received in Advance for the supply of goods)
|
|||
3
|
Cash
a/c........................................................Dr.
To Sales a/c
(Being,
Goods sold for cash & received in sales tax)
|
|||
4
|
Charity
Fond a/c..........................................Dr.
To Cash a/c
To Purchased Goods a/c
To Furniture a/c
(Being,
Give charity fond Cash, Goods & Furniture)
|
|||
5
|
Loss
by Employee a/c.............................Dr.
To Purchase a/c
(Being,
Goods stolen by an Employee)
|
|||
6
|
Purchase
a/c...........................................Dr.
To Cash a/c
(Being,
Purchase two House for the business use)
|
|||
7
|
Drawing
a/c...........................................Dr.
To Purchase a/c
(Being,
Goods given to proprietor daughter)
|
|||
8
|
Loss
Due to Fire a/c............................Dr.
To Purchase a/c
(Beings,
|
|||
9
|
Sample
Expense a/c..............................Dr.
To Purchase a/c
(Beings,
|
|||
10
|
Bricks
a/c..............................................Dr.
To Cash a/c
(Being,
|
|||
11
|
Bad
Debt Recovered a/c..........................Dr.
To Rita a/c
(Being,
Bad Debt recovered from Rita)
|
|||
12
|
Raj
& Co. a/c...........................................Dr.
To Cash a/c
(Beings,
|
|||
Total........................................................................................
|
10,02,000
|
10,02,000
|
||
Journal the following transaction in the books of Mr. X for the month of January 2013
Jan-1 X
having no capital of his own started business with Rs. 10000 borrows from his
friend Mr. R @12% p.a
Jan-2
Purchased goods worth Rs. 6000 less 20% trade discount and 5% cash
discount. Mr. M & Co. For cash and supplied then to Mr. R at least
price less 10%.
Jan-3
Goods worth Rs. 200 was damaged in transit a claim was made on the railway
authority for the same.
Jan-4
Under instruction from Mr. M & Co, X supplied goods listed at Rs. 1000 to
Mr. S. Received the invoice at 20% trade discount from Mr. M & co.
Jan-5
Received cash from Railway in the full settlement of claim for damages in
transit.
Jan-6
Received from travelling sales man Rs. 1400 for goods sold by him after
deducting his travelling expenses Rs. 50.
Jan-7 Mr.
S declared his insolvent and dividend of 50 Paise in the
Rupees is received from him in the full settlement of his account.
Jan-8 Bought
a horse for Rs. 600 as a carriage for Rs. 1200 for delivering goods to the
customers.
Jan-9
Bought goods worth Rs. 700 from Mr. D and supplied them to Mr. K at Rs. 1000.
Jan-10 Mr.
K returned goods worth Rs. 50 which in turn was sent to Mr. D.
Jan-11 one
month interest to Mr. R on capital supplied by him due but could not be paid.
Jan-12 The
horse bought on 8th January died on his body was sold for Rs. 30.
Date
|
Particular
|
L/F
|
Dr. Amount
|
Cr. Amount
|
Jan-1
|
Cash
a/c...........................................Dr.
To Mr. R a/c
(Being,
|
10000
4800
5400
200
800
200
1400
50
500
500
600
1200
700
1000
50
35
100
30
570
|
10000
4560
240
5400
200
800
200
1450
1000
1800
700
1000
50
35
100
600
|
|
Jan-2
|
Purchased
a/c...................................Dr.
To Cash a/c
To Discount Received a/c
(Being,
|
|||
Jan-2
|
Mr. R
a/c ..........................................Dr.
To Sales a/c
(Being,
|
|||
Jan-3
|
Railway
Claim a/c......................Dr.
To Purchased a/c
(Being,
|
|||
Jan-4
|
Mr. M
a/c.....................................Dr.
To Sales a/c
(Being,
|
|||
Jan-5
|
Cash a/c
............................Dr.
To Railway Authority a/c
(Being,
|
|||
Jan-6
|
Cash
a/c................................................Dr
Travelling
Sales man Expenses a/c......Dr
To Sales a/c
(Being,
|
|||
Jan-7
|
Cash
a/c.............................Dr.
Bad
debt a/c.......................Dr.
To Mr. S a/c
(Being,
|
|||
Jan-8
|
Stock (Horse)
a/c.................................Dr
Carriage
Expenses a/c............Dr
To Cash a/c
(Being,
|
|||
Jan-9
|
Purchased
a/c.......................Dr
To Mr. D a/c
(Being,
|
|||
Jan-9
|
Mr. K
a/c .................................Dr
To Sales a/c
(Being,
|
|||
Jan-10
|
Sales
Return a/c........................Dr.
To Mr. K a/c
(Being,
|
|||
Jan-10
|
Mr. D
a/c...........700/1000*50=35......Dr.
To Purchased Return a/c
(Being,
|
|||
Jan-11
|
Interest
a/c..................................Dr.
To Mr. R Loan a/c
(Being,
|
|||
Jan-12
|
Cash a/c..........................Dr.
Loss a/c...........................Dr
To Live Stock
a/c
(Being,
|
|||
Total.......................................................................
|
||||
Journalise the following transaction in the books of Ram. Post them in the ledger and balanced the various accounts opened in the ledger.
April-2 Ram
started his business with Cash Rs. 70000.
April-3
Deposited in to Bank Rs. 50000.
April-4
Purchased goods for cash from Mr. X Rs. 5000.
April-5
Bought goods on credit from Mr. Y Rs. 6000.
April-6
Returned goods to Mr. Y Rs. 1000.
April
10
Sold goods for cash to Mr. A Rs. 6000.
April-15
Sold goods to Mr. B Rs. 6000.
April-16 Mr.
B returns goods Rs. 1000.
April-17
Drew from Bank for personal use Rs. 5000.
April-25
Paid to Mr. Y in full Settlement by Cheque Rs. 4800.
April-26
Received a cheque from Mr. B in full settlement Rs. 4900.
April-27
Draw cash from bank for office use Rs. 10000.
April-30
Draw cash for personal purpose Rs. 5000.
April-30
Paid salary to staff Rs. 5000.
April-30
Issued a cheque for Rs. 3000 in favour of Shri Devi a landlady towards rent for
April.
April-30
Withdraw goods for personal use Rs. 1000.
Date
|
Particular
|
L/F
|
Dr. Amount
|
Cr. Amount
|
April-2
|
Cash a/c.............................................Dr.
To Capital a/c
(Being,
Ram Started business with Cash)
|
70000
50000
5000
6000
1000
6000
6000
1000
5000
5000
4900
100
10000
5000
5000
3000
1000
|
70000
50000
5000
6000
1000
6000
6000
1000
5000
4800
200
5000
10000
5000
5000
3000
1000
|
|
April-3
|
Bank
a/c.............................................Dr.
To Cash a/c
(Being,
Cash deposit in to Bank)
|
|||
April-4
|
Purchased
a/c....................................Dr.
To Cash a/c
(Being,
Purchased goods for cash from Mr. X)
|
|||
April-5
|
Purchased
a/c...................................Dr.
To Mr. Y a/c
(Being,
Bought goods on credit from Mr. Y)
|
|||
April-6
|
Mr. Y a/c..........................................Dr.
To Purchased Return a/c
(Being,
Returned goods to Mr. Y)
|
|||
April-10
|
Cash
a/c...........................................Dr.
To Sales a/c
(Being,
Sold goods for cash to Mr. A)
|
|||
April-15
|
Mr. B a/c...............................................Dr.
To Sales a/c
(Being,
Sold goods to Mr. B on Credit)
|
|||
April-16
|
Sales
Return a/c.....................................Dr.
To Mr. B a/c
(Being,
Mr. B returns goods)
|
|||
April-17
|
Drawing
a/c..........................................Dr.
To Bank a/c
(Being,
Drawing from Bank for personal use)
|
|||
April-25
|
Mr. Y
a/c.................................................Dr.
To Bank a/c
To Discount Received a/c
(Being,
Paid to Mr. Y in full Settlement by Cheque
& allowed him discount)
|
|||
April-26
|
Bank
a/c..................................................Dr.
Discount
Allowed a/c..............................Dr.
To Mr. B a/c
(Being,
Received a cheque from Mr. B in full settlement &
|
|||
April-27
|
Cash
a/c..................................................Dr.
To Bank a/c
(Being,
Draw cash from bank for office use)
|
|||
April-30
|
Drawing
a/c............................................Dr.
To Cash a/c
(Being,
|
|||
April-30
|
Salary
a/c................................................Dr.
To Cash a/c
(Being,
Paid salary to staff)
|
|||
April-30
|
Rent
a/c..................................................Dr.
To Bank a/c
(Being,
Issued a cheque for Rs. 3000 in favour of Shri Devi a landlady towards rent
for April.)
|
|||
April-30
|
Drawing
a/c............................................Dr.
To Purchase a/c
(Being,
Withdraw goods for personal use)
|
|||
Total.............................................................................................
|
184000
|
184000
|
||
Prepare Journal Entries
- Business started
with cash in Hand Rs. 5,00,000, Nabil Bank Balance Rs. 40,0000, Citizen
Bank Balance Rs. 1,00,000 And Loan From Nepal Rastra Bank Rs. 2,00,000.
- Goods purchased
from Ganesh Traders of Rs. 30,000 on Credit.
- Goods Sold to
Him star Enterprises Pvt. Ltd. Of Rs. 30,000 & Cash received Rs.
16,000.
- Electricity
Charges Paid at the end of April 1st month Rs. 4,000 &
Telephone Charges Rs. 2,500 on the same date.
- Plant &
Machinery purchased from Ramesh Agro & Sales Co. of Rs. 2, 50,000
& Made partial Payment of Cash Rs. 1, 00,000.
- Furniture
purchase on Cash Rs. 20,000.
- Interest on
Investment money was collected Rs.2800 & Paid in to Nabil Bank by
Cheque No. 1285.
- A cheque of Rs.
1700 as commission provided to us by an Agent for providing him services
of solution for technology.
- Nabil Bank
charges the Amount of Interest Rs. 20,000.
- Furniture
Purchase for Rs. 20,000.
- Depreciation
charge on Plant & machinery Rs. 8000 during the year.
- Furniture
Purchase for Rs. 20,000 was depreciated @ 10% per annum.
- Salary due was
recorded Rs. 35,000 during the end of year.
- Cash paid for
the travelling expenses Rs. 2000.
- Cash paid for
Audit fee Rs. 20,000.
- Cash paid for
rent Rs. 15,000.
- Cash paid for
salary Rs. 80,000.
- Cash paid for
goods purchased on cash Rs. 3, 00,000.
- Interest
received Rs. 2500.
- Cash sales made of Rs. 4, 00,000.
Date
|
Particular
|
L/F
|
Dr.Amount
|
Cr. Amount
|
1
|
Cash
a/c……………………………………Dr.
To Capital a/c
To NRB Loan a/c
(Being,
|
12,00,000
30,000
16,000
14,000
4,000
2,500
2,50,000
20,000
2,800
2,800
2,700
20,000
20,000
8,000
2,000
35,000
2,000
20,000
15,000
80,000
3,00,000
2,500
4,00,000
|
10,00,000
2,00,000
30,000
30,000
4,000
2,500
1,00,000
1,50,000
20,000
2,800
2,800
2,700
20,000
20,000
8,000
2,000
35,000
2,000
20,000
15,000
80,000
3,00,000
2,500
4,00,000
|
|
2
|
Purchased
a/c…………………………….Dr.
To Manocamana Traders a/c
(Beings,
|
|||
3
|
Cash
a/c……………………………………Dr.
Him
Star a/c……………………………….Dr.
To Sales a/c
(Beings,
|
|||
4
|
Electricity
Charge a/c……………………….Dr.
To Cash a/c
(Beings,
|
|||
4
|
Telephone
Charge a/c…………………………Dr.
To cash a/c
(Beings,
|
|||
5
|
Purchased
a/c……………………………….Dr.
To Cash a/c
To Krishna & Sales Agro a/c
(Beings,
|
|||
6
|
Furniture
a/c………………………………..Dr.
To Cash a/c
(Beings,
|
|||
7
|
Accrued
Income a/c………………………Dr.
To Interest on Investment a/c
(Beings,
|
|||
7
|
Nabil
Bank a/c……………………………Dr.
To Bank a/c
(Beings,
|
|||
8
|
Commission
Received a/c…………………Dr.
To Bank a/c
(Beings,
|
|||
9
|
Nabil
Bank a/c……………………………..Dr.
To Interest on Cash a/c
(Beings,
|
|||
10
|
Furniture
a/c……………………………..Dr.
To cash a/c
(Beings,
|
|||
11
|
Depreciation
a/c……………………..Dr.
To Plant & Machinery a/c
(Beings,
|
|||
12
|
Depreciation
on Furniture a/c……………Dr.
To Furniture a/c
(Beings,
|
|||
13
|
Salary
a/c…………………………………Dr.
To Outstanding Salary a/c
(Beings,
|
|||
14
|
Travelling
Expenses a/c………………………Dr.
To Cash a/c
(Beings,
|
|||
15
|
Audit
fee a/c………………………………………Dr.
To cash a/c
(Beings,
|
|||
16
|
Rent
a/c……………………………………..Dr.
To cash a/c
(Beings,
|
|||
17
|
Salary
a/c………………………………………..Dr.
To Cash a/c
(Beings,
|
|||
18
|
Purchased
a/c………………………………..Dr.
To cash a/c
(Beings,
|
|||
19
|
Accrued
Income a/c………………………….Dr.
To Interest Received a/c
(Beings,
|
|||
20
|
Cash
a/c…………………………………………Dr.
To Sales a/c
(Beings,
|
|||
Total………………………………………………………………
|
||||
Enter the following transaction in to journal and post in to ledger
Jan-1
Assets are cash in hand Rs.22, Bank Rs.38, Plant & Machinery Rs.5, Furniture
& Fixture Rs.99 and liability are Mr.Rs.2000, capital Rs.10000.
Jan-2
Sold goods by cash to Ram Rs.100
Jan-3
Sold goods to shyam Rs.200
Jan-4
Goods return by Shyam Rs.14
Jan-5
carriage outward paid Rs.50
Jan-6
Carriage in ward paid Rs.100
Jan-7
Cheque paid to Mr. Rs 1980 in full settlement of his Account.
Jan-8 Sold
goods by cash Rs.80, Paid telephone bill Rs.500, purchased goods from Mr. Y
Rs.20
Journal Entries As on..........
Date
|
Particular
|
L/F
|
Dr.
Amount
|
Cr.
Amount
|
Jan1
|
Cash
a/c..............................Dr
Bank
a/c..............................Dr
Machinery
a/c.....................Dr
Furniture&
fixture a/c........Dr
Good
will a/c......................Dr
To capital a/c
To Mr. a/c
(Being,
|
22
38
5
99
11836
100
200
14
50
100
1980
20
80
500
20
|
10000
2000
100
200
14
50
100
2000
80
500
20
|
|
Jan2
|
Cash
a/c............................Dr
To Sales a/c
(Being,
|
|||
Jan3
|
Shyam
a/c......................Dr
To sales a/c
(Being,
|
|||
Jan4
|
Sales
return a/c ........................Dr
To Shyam a/c
(Being,
|
|||
Jan5
|
Carriage
outward a/c....................Dr
To cash a/c
(Being,
|
|||
Jan6
|
Carriage
in ward a/c..........................Dr
To cash a/c
(Being,
|
|||
Jan7
|
Mr.
a/c...........................................Dr
Discount
received a/c....................Dr
To Bank a/c
(Being,
|
|||
Jan8
|
Cash
a/c............................Dr
To Sales a/c
(Being,
|
|||
Jan8
|
Telephone
Expenses a/c.......................Dr
To Cash a/c
(Being,
|
|||
Jan8
|
Purchase
a/c............................Dr
To Mr. Y a/c
(Being,
|
|||
Total.......................................................................................
|
||||
Ledger
Cash a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
Jan2
Jan8
|
To
Sales a/c
To
Sales a/c
|
100
80
|
Jan5
Jan6
Jan8
|
By
carriage outward
By carriage
in ward a/c
By Telephone
Exp. a/c
|
50
100
500
|
||
Sales a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
Jan2
Jan3
Jan8
|
By
Cash a/c
By
Shyam a/c
By
Cash a/c
|
100
200
80
|
|||||
Shyam a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
To
Sales a/c
|
200
|
By
Sales Return a/c
|
14
|
||||
Bank a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
By
Mr. X a/c
|
1980
|
||||||
Mr. X A/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
To
Bank a/c
|
1980
|
||||||
Sales return a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
To
Shyam a/c
|
14
|
||||||
Carriage in ward a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
To
cash a/c
|
100
|
||||||
Carriage out ward a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
To
Cash a/c
|
50
|
||||||
Mr. Y a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
By
Purchased a/c
|
20
|
||||||
Telephone Expenses a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
To
Cash a/c
|
|||||||
Purchased a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
To
Mr. Y a/c
|
20
|
||||||
Discount Received a/c
Date
|
Particular
|
J/f
|
Amount
|
Date
|
Particular
|
J/F
|
Amount
|
To
Bank a/c
|
20
|
||||||
Prepare The Journal Entries
1. Mr. A starts business
by introducing capital of Rs.2000000 in Cash.
2.
Mr. A deposited 1500000 in to the Bank.
3.
Mr. A purchased would & other necessary material of
Rs.800000 by making payment by cheque.
4.
Mr. A purchased wood cutting machine of Rs.300000 by making
payment in cash.
5.
Mr. A purchased furniture for resale of Rs.500000 from
m/s furniture suppliers in credit.
6.
Mr. A Purchased furniture for Own (Business) use of Rs. 100000 by making
payment by cheque.
7.
Mr. A sold furniture of Rs.800000 in cash.
8.
Mr. A sold furniture of Rs. 400000 to Mr. B in credit.
9.
Mr. B returns furniture worth Rs.200000
10.
Mr. A pay rent of Rs. 50000 in cash.
11. Mr. A paid wages for
the labor of rs.80000 in Cash.
Journal Entries As on..........
Date
|
Particular
|
L/F
|
Dr. Amount
|
Cr. Amount
|
1
|
Cash
a/c………………………………….Dr.
To Capital a/c
(Being,
|
20,00,000
15,00,000
8,00,000
3,00,000
5,00,000
1,00,000
8,00,000
4,00,000
2,00,000
50,000
80,000
|
20,00,000
15,00,000
8,00,000
3,00,000
5,00,000
1,00,000
8,00,000
4,00,000
2,00,000
50,000
80,000
|
|
2
|
Bank
a/c………………………………….Dr.
To Cash a/c
(Being,
|
|||
3
|
Purchased
a/c…………………………….Dr.
To Bank a/c
(Being,
|
|||
4
|
Machinery
a/c…………………………….Dr.
To cash a/c
(Being,
|
|||
5
|
Purchased
a/c……………………………..Dr.
To M/s Furniture a/c
(Being,
|
|||
6
|
Furniture
a/c………………………….….Dr.
To Bank a/c
(Being,
|
|||
7
|
Cash
a/c………………………………….Dr.
To Sales a/c
(Being,
|
|||
8
|
Mr. B
a/c………………………………….Dr.
To Sales a/c
(Being,
|
|||
9
|
Sales
Returns a/c…………………………Dr.
To Mr. B a/c
(Being,
|
|||
10
|
Rent a/c……………………………….…Dr.
To Cash a/c
(Being,
|
|||
11
|
Wages
a/c……………………………….Dr.
To Cash a/c
(Being,
|
|||
Total……………………………………………………………
|
||||
