20 journal entry of stationery shop
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Journal in the books of Mr ADateParticularsL.F.Debit
Amount
(Rs)Credit
Amount
(Rs) Cash A/cDr. 15,00,000 To Capital A/c 15,00,000 (Being Business Commenced with capital infusion) Purchase A/cDr. 11,00,000 To Cash A/c 11,00,000 (Being Goods purchased and Payment made to supplier) Furniture and Fixtures A/cDr. 2,00,000 To Cash A/c 2,00,000 (Being money spent on Furnishing the shop) Furniture and Fixtures A/cDr. 15,000 To Cash A/c 15,000 (Being goods sold) Bank A/cDr. 30,000 To Cash A/c 30,000 (Being Bank account opened by depositing cash) Printing and Stationery A/cDr. 40,000 To Cash A/c 40,000 (Being Expenses on Pamphlet Distribution and printing) Cash A/cDr. 7,00,000 Debtors A/cDr. 3,10,000 To Sales A/c 10,10,000 (Being Cash and credit sales) Sales Return A/cDr. 20,000 To Debtors A/c 20,000 (Being goods of Value 20,000 /- returned by debtors) Cash A/cDr. 5,00,000 To Capital A/c 5,00,000 (Being Funds infused) Purchase A/cDr. 8,00,000 To Cash A/c 6,00,000 To Creditor A/c 2,00,000 (Being goods Purchased) Loss Due to Fire A/cDr. 50,000 To Purchase A/c 50,000 (Being Loss due to fire in Stock) Bank A/cDr. 30,000 To Insurance Claim A/c 30,000 (Being insurance claim received) Cash A/cDr. 30,000 To Bank A/c 30,000 (Being Cash withdrawn from bank) Debtor A/cDr. 2,85,000 Discount Allowed A/cDr. 15,000 To Sales A/c 3,00,000 (Being Goods sold and trade discount allowed) Salary A/cDr. 44,000 To Cash A/c 44,000 (Being Salary paid) Insurance Premium A/cDr. 10,000 To Cash A/c 10,000 (being Insurance premium paid) Drawings A/cDr. 72,000 To Cash A/c 70,000 To Purchase A/c 2,000 (Being Cash and Stock withdrawn) Electricity charges A/cDr. 50,000 To Cash A/c 50,000 (Being electricity charges paid) Rent Expenses A/cDr. 2,75,000 To Cash A/c 2,75,000 (Being Rent Paid) Loss by theft A/cDr. 3,000 To Cash A/c 3,000 (Being Loss by theft) Cash A/cDr. 500 To Advance From Mr. S 500 (Being advance for order received) Miscellaneous Expenses A/cDr. 10,000 To Cash A/c 10,000 (Being misc. expenses paid) Telephone Expenses A/cDr. 10,000 Entertainment Expenses A/cDr. 5,000 To Cash A/c 15,000 (Being Expenses paid) Donation A/cDr. 1,000 To Purchase A/c 1,000 (Being goods donated to NGO
Amount
(Rs)Credit
Amount
(Rs) Cash A/cDr. 15,00,000 To Capital A/c 15,00,000 (Being Business Commenced with capital infusion) Purchase A/cDr. 11,00,000 To Cash A/c 11,00,000 (Being Goods purchased and Payment made to supplier) Furniture and Fixtures A/cDr. 2,00,000 To Cash A/c 2,00,000 (Being money spent on Furnishing the shop) Furniture and Fixtures A/cDr. 15,000 To Cash A/c 15,000 (Being goods sold) Bank A/cDr. 30,000 To Cash A/c 30,000 (Being Bank account opened by depositing cash) Printing and Stationery A/cDr. 40,000 To Cash A/c 40,000 (Being Expenses on Pamphlet Distribution and printing) Cash A/cDr. 7,00,000 Debtors A/cDr. 3,10,000 To Sales A/c 10,10,000 (Being Cash and credit sales) Sales Return A/cDr. 20,000 To Debtors A/c 20,000 (Being goods of Value 20,000 /- returned by debtors) Cash A/cDr. 5,00,000 To Capital A/c 5,00,000 (Being Funds infused) Purchase A/cDr. 8,00,000 To Cash A/c 6,00,000 To Creditor A/c 2,00,000 (Being goods Purchased) Loss Due to Fire A/cDr. 50,000 To Purchase A/c 50,000 (Being Loss due to fire in Stock) Bank A/cDr. 30,000 To Insurance Claim A/c 30,000 (Being insurance claim received) Cash A/cDr. 30,000 To Bank A/c 30,000 (Being Cash withdrawn from bank) Debtor A/cDr. 2,85,000 Discount Allowed A/cDr. 15,000 To Sales A/c 3,00,000 (Being Goods sold and trade discount allowed) Salary A/cDr. 44,000 To Cash A/c 44,000 (Being Salary paid) Insurance Premium A/cDr. 10,000 To Cash A/c 10,000 (being Insurance premium paid) Drawings A/cDr. 72,000 To Cash A/c 70,000 To Purchase A/c 2,000 (Being Cash and Stock withdrawn) Electricity charges A/cDr. 50,000 To Cash A/c 50,000 (Being electricity charges paid) Rent Expenses A/cDr. 2,75,000 To Cash A/c 2,75,000 (Being Rent Paid) Loss by theft A/cDr. 3,000 To Cash A/c 3,000 (Being Loss by theft) Cash A/cDr. 500 To Advance From Mr. S 500 (Being advance for order received) Miscellaneous Expenses A/cDr. 10,000 To Cash A/c 10,000 (Being misc. expenses paid) Telephone Expenses A/cDr. 10,000 Entertainment Expenses A/cDr. 5,000 To Cash A/c 15,000 (Being Expenses paid) Donation A/cDr. 1,000 To Purchase A/c 1,000 (Being goods donated to NGO
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