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Question -

Journalise the following transactions:

2017

 

Rs

Dec. 01

Hema started business with cash

1,00,000

Dec. 02

Open a bank account with SBI

30,000

Dec. 04

Purchased goods from Ashu

20,000

Dec.06

Sold goods to Rahul for cash

15,000

Dec.10

Bought goods from Tara for cash

40,000

Dec.13

Sold goods to Suman

20,000

Dec.16

Received cheque from Suman

19,500

 

Discount allowed

500

Dec.20

Cheque given to Ashu on account

10,000

Dec.22

Rent paid by cheque

2,000

Dec.23

Deposited into bank

16,000

Dec.25

Machine purchased from Parigya

10,000

Dec.26

Trade expenses

2,000

Dec.28

Cheque issued to Parigya

10,000

Dec.29

Paid telephone expenses by cheque

 1,200

Dec.31

Paid salary

4,500



Answer -

 

Books of Hema

 

Journal

Date

Particulars

 

L.F.

Debit Amount Rs

Credit Amount Rs

2017

 

 

 

 

 

 

Dec.01

Cash A/c

Dr.

 

1,00,000

 

 

 

To Capital A/c

 

 

 

1,00,000

 

(Started business with cash)

 

 

 

 

 

 

 

 

 

 

 

Dec.02

Bank A/c

Dr.

 

30,000

 

 

 

To Cash A/c

 

 

 

30,000

 

(Bank account opened with SBI)

 

 

 

 

 

 

 

 

 

 

 

Dec.04

Purchases A/c

Dr.

 

20,000

 

 

 

To Ashu

 

 

 

20,000

 

(Goods purchased from Ashu)

 

 

 

 

 

 

 

 

 

 

 

Dec.06

Cash A/c

Dr.

 

15,000

 

 

 

To Sales A/c

 

 

 

15,000

 

(Goods sold for cash)

 

 

 

 

 

 

 

 

 

 

 

Dec.10

Purchases A/c

Dr.

 

40,000

 

 

 

To Cash A/c

 

 

 

40,000

 

(Goods purchased for cash)

 

 

 

 

 

 

 

 

 

 

 

Dec.13

Suman

Dr.

 

20,000

 

 

 

To Sales A/c

 

 

 

20,000

 

(Goods goods to Suman)

 

 

 

 

 

 

 

 

 

 

 

Dec.16

Bank A/c

Dr.

 

19,500

 

 

Discount Allowed A/c

Dr.

 

     500

 

 

 

To Suman

 

 

 

20,000

 

(Cheque received from Suman and discount allowed)

 

 

 

 

 

 

 

 

 

 

 

Dec.20

Ashu

Dr.

 

10,000

 

 

 

To Bank A/c

 

 

 

10,000

 

(Cheque forwarded to Ashu)

 

 

 

 

 

 

 

 

 

 

 

Dec.22

Rent A/c

Dr.

 

2,000

 

 

 

To Bank A/c

 

 

 

2,000

 

(Rent paid by cheque)

 

 

 

 

 

 

 

 

 

 

 

Dec.23

Bank A/c

Dr.

 

16,000

 

 

 

To Cash A/c

 

 

 

16,000

 

(Cash deposited into bank)

 

 

 

 

 

 

 

 

 

 

 

Dec.25

Machinery A/c

Dr.

 

10,000

 

 

 

To Parigya

 

 

 

10,000

 

(Machinery purchased from Parigya)

 

 

 

 

 

 

 

 

 

 

 

Dec.26

Trade Expenses A/c

Dr.

 

2,000

 

 

 

To Cash A/c

 

 

 

2,000

 

(Trade expenses paid)

 

 

 

 

 

 

 

 

 

 

 

Dec.28

Parigya

Dr.

 

10,000

 

 

 

To Bank A/c

 

 

 

10,000

 

(Cheque issued to Parigya)

 

 

 

 

 

 

 

 

 

 

 

Dec.29

Telephone Expenses A/c

Dr.

 

1,200

 

 

 

To Bank A/c

 

 

 

1,200

 

(Telephone expenses paid through cheque)

 

 

 

 

 

 

 

 

 

 

 

Dec.30

Salaries A/c

Dr.

 

4,500

 

 

 

To Cash A/c

 

 

 

4,500

 

(Salary paid)

 

 

 

 

 

 

Total

 

 

3,00,700

3,00,700

 

 

 

 

 

 

 

 

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