22th returned goods to veeru rs 3000 2()23th goods returned from tarun rs 1000 (3)25th goods taken by tha proprisetor for. personal use rs1000 (4)26th bought land for rs 50 000(5)27th purchased machinery for cash rs5000(6)28 bought computer from intel conputers for rs25,000 28th cash sales rs15,000 (7)29th cash purchases rs22,000(8)30th bough furiture for proprietor's residencs and paidcash rs10,000
Answers
Mr. Nirmal has the following transactions in the month of April.
Write Journal Entries for the transactions.
10th April:Commenced business with a capital of 1,00,00011th April:Purchased goods from Veeru for 20,00013th April:Purchased Goods for Cash 15,00014th April:Purchased Goods from Abhiram for cash 9,00016th April:Bought Goods from Shyam on credit 12,00017th April:Sold goods worth 15,000 to Tarun19th April:Sold goods for cash 20,00020th April:Sold goods to Utsav for cash 6,00021st April:Sold goods to Pranav on credit 17,00022nd April:Returned goods to Veeru 3,00023rd April:Goods returned from Tarun 1,00025th April:Goods taken by the proprietor for personal use 1,00026th April:Bought Land for 50,00027th April:Purchased machinery for cash 45,00028th April:Bought computer from Intel Computers for 25,00028th April:Cash sales 15,00029th April:Cash purchases 22,00030th April:Bought furniture for proprietor's residence and paid cash 10,000
Solution
Journal in the books of Mr. Nirmal for the period from 1st to 30th AprilDateV/R
No.ParticularsL/FAmount
(Dr)Amount
(Cr)April 10th–Cash a/c
To Capital a/c
Dr
–
–
1,00,000
1,00,000[Being the amount received from Mr. Nirmal in cash, the proprietor as his capital contribution vide receipt no:__ dated:__]11th–Goods/Stock a/c
To Veeru a/c
Dr
–
–
20,000
20,000[Being the value of stock purchased from Mr. Veeru on credit vide bill no:___ dated:__]13th–Goods/Stock a/c
To Cash a/c
Dr
–
–
15,000
15,000[Being the value of stock purchased for cash from M/s ___ vide bill no:___ dated:__]14th–Goods/Stock a/c
To Cash a/c
Dr
–
–
9,000
9,000[Being the value of stock purchased for cash from Mr. Abhiram vide bill no:___ dated:__]16th–Goods/Stock a/c
To Shyam a/c
Dr
–
–
12,000
12,000[Being the value of stock purchased from Mr. Shyam on credit vide bill no:___ dated:__]17th–Tarun a/c
To Goods/Stock a/c
Dr
–
–
15,000
15,000[Being the value of stock sold on credit to Mr. Tarun vide invoice no:___ dated:__]19th–Cash a/c
To Goods/Stock a/c
Dr
–
–
20,000
20,000[Being the value of goods sold for cash vide receipt no:___ dated:__]20th–Cash a/c
To Goods/Stock a/c
Dr
–
–
6,000
6,000[Being the value of stock sold to Mr. Utsav for cash vide receipt no:___ dated:__]21st–Pranav a/c
To Goods/Stock a/c
Dr
–
–
17,000
17,000[Being the value of stock sold to Mr. Pranav on credit vide bill no:___ dated:__]22nd–Veeru a/c
To Goods/Stock a/c
Dr
–
–
3,000
3,000[Being the value of goods returned to Mr. Veeru vide returns bill no:___ dated:__]23rd–Goods/Stock a/c
To Tarun a/c
Dr
–
–
1,000
1,000[Being the value of stock returned by Mr. Tarun vide returns bill no:___ dated:__]25rd–Drawings a/c
To Goods/Stock a/c
Dr
–
–
1,000
1,000[Being the value of stock taken by the proprietor vide bill no:___ dated:__]26th–Land a/c
To Cash a/c
Dr
–
–
50,000
50,000[Being the amount paid for land purchased on:__]27th–Machinery a/c
To Cash a/c
Dr
–
–
45,000
45,000[Being the amount paid for the purchase of machinery vide bill no:___ dated:__]28th–Computers a/c
To Intel Computers a/c
Dr
–
–
25,000
25,000[Being the value of a computer purchased from M/S Intel Computers on credit vide bill no:___ dated:__]29th–Cash a/c
To Goods/Stock a/c
Dr
–
–
15,000
15,000[Being the value of stock sold for cash vide receipt no:___ dated:__]29th–Goods/Stock a/c
To Cash a/c
Dr
–
–
22,000
22,000[Being the value of stock purchased for cash vide bill no:___ dated:__]30th–Drawings a/c
To Cash a/c
Dr
–
–
10,000
10,000[Being the amount of cash paid for furniture purchased for proprietor's residence vide bill no:___ dated:__]