10. Journalise the following transact in the books of harbhajan and co.
of 1st April 2019.
Balance on 1st April 2019
Cash in hand * 35,000, Cash at Bank * 25,000, Furniture 1,50,000, Laptop 71,00,000,
Debtors : Sangita 40,000, Viru * 30,000
2019
Creditors : Ganesh 10,000, Garima * 40,000, Bank loan 50,000.
April 1
Purchased goods from Ajay kumar worth 2,50,000 at 10% Trade discount @18%
and paid 1/4 amount in Cash.
5
Purchased shares of Infosysis Company 50,000 and 500 paid as brokerage
DematA/c.
8
Sold goods to Raj worth 90,000 at 10% Trade discount and 1/3 amount receive
cash and 5% cash discount is allowed.
12 Paid house rent of proprietor 9,000 and office rent * 5,000
15 Purchased Laptop of 60,000 @ 18% GST and paid amount by cheque.
20 Paid transport charges on the above Laptop * 1,000 @ 18% GST
25 Paid Commission 20,000 to Ram.
26 Paid Telephone Charges * 1,000.
28 Transferred from private Bank A/c of proprietor to business Bank Ac? 40,000
30 Bought goods for 3 1,50,000 @ 12% as GST by cheque.
30 Exchanged our Furniture of 30,000 against a Motor car of the same value for business
Answers
Answer:
with Cash ` 50,000 ? =? + ? ? =? + ? 2. Purchased goods of ? =? + ? ` 10,000 ? =? + ? 3. Goods stolen ` 1,000 4. Sold goods for cash ` 5,000 5. Loan taken from Bank ` 7,000 Q.8 Give necessary transactions for the following effect of increase and decrease in Assets, Capital and Liabilities. 1) Increase in Assets Decrease in Assets 2) Increase in Capital Decrease in Assets 3) Decrease in Liabilities Decrease in Assets 4) Decrease in Assets Decrease in Capital PRACTICAL PROBLEMS Q. 1 Prepare a chart showing Analysis of the following transactions in a Tabular form according to Traditional Approach: 1. Rajasaheb started business with cash ` 85,000. 2. Goods Purchased for cash ` 5,000. 3. Sold goods on credit worth ` 6,000. 4. Cash deposited into Bank of Maharashtra ` 12,000. 5. Interest received ` 700 from Radhika. 6. Paid Rent ` 2,000 to landlord. 7. Bought goods on credit from Birajmohan `7 ,000. 8. Withdrew cash from bank ` 1,000 for office use. 9. Purchased computer ` 9,000 for cash. 10. Paid Mobile bill (office) ` 500. 11. Sold old Mobile ` 2,000. 12. Received Rent ` 1,000 from tenant. 42
Q. 2 Prepare Chart showing Analysis of the following transaction in a Tabular form ac- cording to Modern Approach. 1. Mr. Meghraj started business with cash ` 30,000. 2. Deposited cash into Bank of India ` 2,000. 3. Withdrew cash ` 1,000 for personal use. 4. Purchased goods on credit from Nilesh ` 2,000. 5. Cash purchases ` 3,000. 6. Paid Wages ` 400. 7. Purchase a chair for office use ` 3.200. 8. Sold goods to Mohan worth ` 1,200. 9. Withdrew Cash for Office use ` 3,000. 10. Sold old furniture ` 9,000. 11. Received Dividend of ` 1,000. 12. Paid for Printing bill book ` 200. Q.3 Give the accounting equation for the following transactions: 1. Mr. Vaibhav started business with Cash ` 1,00,000. 2. Purchased goods on credit from Rita Stores ` 9,000. 3. Purchase Laptop for office use ` 10,000. 4. Sold goods to Rina on credit ` 12,000. 5. Received Interest ` 2,500 6. Paid