0I. Journalise the following Transactions – Chapter 4 (Book Examples)
Jan 1, 2004 – Saravanan started the business with Rs. 1,00,000.
Jan 3, 2004 – Received cash from Balan Rs. 25,000
Feb 7, 2004 – Paid cash to Perumal Rs.37,000.
Feb 8, 2004 – Bought goods for cash Rs. 80,000
Mar 10, 2004 – Cash sales Rs.90,000.
Mar 15, 2004 – Sold goods to Jaleel on credit Rs.1,00,000.
Mar 18, 2004 – Purchased goods from James on credit Rs.1,50,000.
Mar 20, 2004 – Returned goods from Jaleel Rs.5,000.
Mar 25, 2004 – Goods returned to James Rs.7,000.
Mar 26, 2004 – Paid salaries in cash Rs.6,000.
Mar 27, 2004 – Paid to Mohan on account Rs 3,000
Apr 14, 2004 – Commission received Rs.5,000.
Apr 15, 2004 – Saravanan withdrew for personal use Rs. 20,000.
Apr 16, 2004 – Drew cash from the bank for office use Rs 10,000
Apr 17, 2004 – Opened a current account with Indian Overseas Bank Rs.10,000.
Apr 18, 2004 – Rent paid by cheque Rs. 5,000.
Apr 19, 2004 – Received cheque from Elavarasan Rs.20,000.
Apr 20, 2004 – Cheque received from Santhosh Rs.30,000 and immediately banked.
Apr 21, 2004 – Paid into bank Rs 5,000.
Jul 15, 2004 – Jamuna who owed us Rs.10,000 is declared insolvent, and 25 paise in a rupee is received from her.
Jan 18, 2005 – Received cash for a Bad debt written off last year Rs.7,500.
Ans:
|
Journal |
||||
|
Date |
Particulars |
L.F |
Debit |
Credit |
|
2004 |
Cash A/c Dr. |
1,00,000 |
|
|
|
To Capital A/c |
|
1,00,000 |
||
|
(Amount invested in the business) |
|
|
|
|
|
3 |
Cash A/c Dr. |
|
25,000 |
|
|
To Balan’s A/c |
|
|
25,000 |
|
|
(Cash received from Balan) |
|
|
|
|
|
Feb 7 |
Perumal A/c Dr. |
|
37,000 |
|
|
To Cash A/c |
|
|
37,000 |
|
|
(Cash paid to perumal) |
|
|
|
|
|
8 |
Purchase A/c Dr. |
|
80,000 |
|
|
To Cash A/c |
|
|
80,000 |
|
|
(Goods purchased for cash) |
|
|
|
|
|
Mar 10 |
Cash A/c Dr. |
|
90,000 |
|
|
To Sales A/c |
|
|
90,000 |
|
|
(Goods sold for cash) |
|
|
|
|
|
15 |
Jaleel A/c Dr. |
|
1,00,000 |
|
|
To Sales A/c |
|
|
1,00,000 |
|
|
(Goods sold on credit) |
|
|
|
|
|
18 |
Purchase A/c Dr. |
|
1,50,000 |
|
|
To James A/c |
|
|
1,50,000 |
|
|
(Goods purchased on credit) |
|
|
|
|
|
20 |
Sales Return A/c Dr. |
|
5,000 |
|
|
To Jaleel A/c |
|
|
5,000 |
|
|
(Goods returned from jaleel) |
|
|
|
|
|
25 |
James A/c Dr. |
|
7,000 |
|
|
To Purchases Return A/c |
|
|
7,000 |
|
|
(Goods returned to James) |
|
|
|
|
|
26 |
Salary A/c Dr. |
|
6,000 |
|
|
To Cash A/c |
|
|
6,000 |
|
|
(Salaries paid) |
|
|
|
|
|
27 |
Mohan A/c Dr. |
|
3,000 |
|
|
To Cash A/c |
|
|
3,000 |
|
|
(Paid to Mohan) |
|
|
|
|
|
Apr 14 |
Cash A/c Dr. |
|
5,000 |
|
|
To Commission A/c |
|
|
5,000 |
|
|
(Commission received) |
|
|
|
|
|
15 |
Drawings A/c Dr. |
|
20,000 |
|
|
To Cash A/c |
|
|
20,000 |
|
|
(Amount withdrawn for personal use) |
|
|
|
|
|
16 |
Cash A/c Dr. |
|
10,000 |
|
|
To Bank A/c |
|
|
10,000 |
|
|
(Amount withdrawn from bank for office use) |
|
|
|
|
|
17 |
Indian Overseas Bank A/c Dr. |
|
10,000 |
|
|
To Cash A/c |
|
|
10,000 |
|
|
(Open a current Account in IOB) |
|
|
|
|
|
18 |
Rent A/c Dr. |
|
5,000 |
|
|
To Bank A/c |
|
|
5,000 |
|
|
(Rent paid by cheque#) |
|
|
|
|
|
*19 |
Cash A/c Dr. |
|
20,000 |
|
|
To Elavarasan A/c |
|
|
20,000 |
|
|
(Cheque received but not paid into bank) |
|
|
|
|
|
*20 |
Bank A/c Dr. |
|
30,000 |
|
|
To Santhosh A/c |
|
|
30,000 |
|
|
(Cheque received & immediately banked) |
|
|
|
|
|
21 |
Bank A/c Dr. |
|
5,000 |
|
|
To Cash A/c |
|
|
5,000 |
|
|
(Cash paid into bank) |
|
|
|
|
|
July 15 |
Cash A/c Dr. |
|
2,500 |
|
|
Bad Debts A/c Dr. |
|
7,500 |
|
|
|
To Jamuna A/c |
|
|
10,000 |
|
|
(25 paise in a rupee is received on her insolvency) |
|
|
|
|
|
2005 Jan 18 |
Cash A/c Dr. |
|
7,500 |
|
|
To Bad Debts Recovered A/c |
|
|
7,500 |
|
|
(Bad Debts Recovered) |
|
|
|
|
