4. Journalise the following transactions in the books of Sanjay General Stores.
2019
June 1 Started business with cash 50,000, Bank 1,00,000, Goods worth 50,000.
5 Purchased goods from Mohan on credit * 80,000 at 10% Trade Discount.
9 Sold goods to Urmila 30,000 at 5% Trade Discount.
12 Paid in to Dena Bank 40,000.
15 Goods worth 5000 distributed as free sample. Aces!
22 Paid for Commission 5,000 to Anand.
24 Received 28,000 from Urmila in full settlement of her account by Debit Card.
29 Paid for Advertisement 9,000/
30 Purchased Laptop for 20,000 @28% GST and amount paid by NEFT.
Answers
Answer:
Explanation:
n the Books of Hari Shankar & Co.
Date Particulars L.F. Debit Amount (₹) Credit Amount (₹)
2017
Apr. 01 Cash A/c Dr. 50,000
To Capital A/c
50,000
(Started business with cash)
Apr. 02 Purchases A/c Dr. 20,000
To Subhash’s A/c
20,000
(Goods purchased from Subhash)
Apr. 04 Ramnath’s A/c Dr. 15,000
To Sales A/c
15,000
(Goods sold to Ramnath)
Apr. 06 Sales Return A/c Dr. 1,000
To Ramnath’s A/c
1,000
(Goods returned to Ramnath)
Apr. 10 Cash A/c Dr. 13,800
Discount Allowed A/c Dr. 200
To Ramnath’s A/c
14,000
(Cash received from Ramnath and allowed discount)
Apr. 12 Purchases A/c Dr. 10,000
To Gopal’s A/c
10,000
(Goods purchased from Gopal)
Apr. 14 Gopal’s A/c Dr. 10,000
To Cash A/c
9,500
To Discount Received A/c
500
(Cash paid to Gopal in full settlement of his account)
Apr. 15 Rent A/c Dr. 10,000
To Cash A/c
10,000
(Rent paid)
Apr. 16 Drawings A/c Dr. 5,000
To Cash A/c
5,000
(Rent paid for Hari Shankar’s residence)
Apr. 18 Purchases A/c Dr. 4,800
To Cash A/c
4,800
(Goods purchased for cash at 20% trade discount)
Apr. 20 Purchases A/c Dr. 8,000
To Govind’s A/c
8,000
(Goods purchased from Govind at 20% trade discount)
Apr. 24 Govind’s A/c Dr. 8,000
To Cash A/c
7,850
To Discount Received A/c
150
(Cash paid to Govind in full settlement of his account)
Apr. 25 Subhash’s A/c Dr. 5,000
To Cash A/c
4,750
To Discount Received A/c
250
(Cash paid to Subhash in full settlement of his account)
Apr. 30 Wages A/c Dr. 400
Salaries A/c Dr. 4,000
Advertisement Expenses A/c Dr. 800
Trade Expenses A/c Dr. 1,000
To Cash A/c
6,200
(Expenses paid)
TOTAL 1,67,000 1,67,000
Answer:
1.cash a/c - Dr. -50,000
Bank a/c - Dr -1,00,000
goods a/c - Dr -50,000
To capita a/c -2,00,000
2. purchases a/c - Dr - 72,000
To Mohan's a/c72,000