2. Journalizing the following transaction in the books of Sanvi as on 2016.
1st July
Started business with cash Rs. 40,000 and goods Rs. 10,000.
4th July
Cash deposited into bank Rs.20,000
6th July
Purchase machinery for cash from Ravika Rs.12,000.
7th July
Sold goods to Prathika for Rs.25,000 on credit.
9th July
With drawn cash from the bank for office use Rs.8,000.
12th July
Paid rent by check Rs.7,000.
15th July
Goods returned by Prathika for Rs.500.
18th July
Received check from Prathika for Rs.24,000 in full settlement of her account
Rs.25,000.
22nd July
Cash withdrawn from the business for proprietor daughter marriage for Rs.20,000.
29th July
Received commission from Anitha for Rs.4,000.
Answers
Answer:
In the books of Sanvi
Date Particulars l.f Dr Cr
2016 Amt(Rupee) Amt (Rupee)
1st july Cash A/c..Dr 40,000
Stock A/c Dr 10,000
To Capital A/c 50,000
(Being business started with Cash
and stock)
4th July Bank A/c Dr 20,000
To Cash A/c 20,000
(Being Cash deposited into Bank)
6th July Machinery A/c....Dr 12,000
To Cash A/c 12,000
(being Machinery purchased for Cash)
7th July Prathika A/C.....Dr 25,000
To Sales A/C 25,000
(Being goods sold for credit)
9th July Cash A/c......Dr 8,000
To Bank A/C 8,000
(Being Cash withdrawn for office use)
12thJuly rent A/c Dr 7,000
To Bank A/C 7,000
(being rent paid by check)
15th July Sales Return A/c Dr 500
To Prathika A/C 500
(being goods returned by Prathika)
18th July Bank A/C.....dr 24,000
Discount Allowed A/c....dr 500
To Prathika A/c 24,500
(being cheque received in full
settlement by Prathika)
22nd July Drawings A/c....dr 20,000
To Cash A/c 20,000
(being cash withdrawn for
daughter's marriage)
29th July Cash A/C.....dr 4,000
To Commission A/C 4,000
(being commission Received from Anitha)
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