Question

18. Journalise the following transactions of Singh Enterprises, Delhi:
2019
June 1 Started business with cash
June 2 Deposited cheque from Savings Account in firm's account
June 3 Received cheque from Ram as loan.
June 4 Purchased goods for cash ...........
June 11 Sold goods to M/s Hari Sales, Delhi
June 13 Paid to Ramavtar by cheque advance for Machine
June 17 Received from M/s Hari Sales, Delhi...............
June 20 Bought furniture from S. R. Furnishers against cheque payment
June 27 Paid rent by cheque
June 27 Sold the personal Car and invested the amount in business
June 27 Goods costing * 2,000 were destroyed by fire. These goods were not insured
June 30 Paid life insurance premium for employees
June 30 Paid salary .....
​

Answer 1

Answer:

June1. Cash A/c Dr. To bank A/c.

June2. Bank A/c Dr. To cash A/c.

June3. Bank A/c Dr. To Ram A/c.

June4. Purchase A/c Dr. To cash a/c.

June 11. M/S Hari a/c Dr. To sales a/c.

June 13. Ramavtar a/c Dr. To cash A!/c.

June 17. Cash A/c Dr. To M/S Hari A/c.

June 20. Furniture A/c Dr. To bank a/c.

June 27. Rent a/c Dr. To bank a/c.

June 27. No entry.

June 27. Loss by fire a/c Dr. To Purchases a/c.

June 30. Drawing a/c Dr. To cash A /c.

June 30. Salary a/c Dr. To bank / cash a/c