4. Journalise the following transactions of Rahul:
2020
1,00,000
Jan. 1 Rahul started business with cash
Jan. 2 Paid into bank
60,000
Jan.3 Bought goods from Singh & Co.
20,000
Jan. 3 Paid cartage on goods purchased
300
Jan. 4 Purchased furniture
2,000
Jan.4 Paid advance for purchase of HP Printers for 15,000
5,000
Jan. 4 Purchased calculator
1,000
Jan.4 Purchased computer and paid by cheque
13,000
Jan. 6 Paid for postage
150
Jan. 8 Sold goods for cash
4,000
Jan. 9 Sold goods to Sharda & Co.
10,000
Jan. 9 Paid cartage on goods sold to Sharda & Co.
200
Jan. 15 Paid to Singh & Co. on account
17,500
Jan. 25 Sold goods to Ray & Co.
5,600
Jan. 27 Received cheque from Sharda & Co. in settlement of amount due from them 9,750
Jan. 31 Paid for electricity charges.
1,000
Jan. 31 Paid salary to office staff
1,500
Jan. 31 Drew cash for personal use
3,500
(10
Answers
Answer:
Jan-1 CASH A/C......Dr. 1,00,000
TO CAPITAL A/C 1,00,000
(BEING CAPITAL INVESTED)
Jan-2 BANK A/C......Dr. 60,000
TO CASH A/C 60,000
(BEING AMOUNT PAID INTO BANK)
Jan-3 PURCHASES A/C...Dr. 20,000
TO SINGH&CO. A/C 20,000
(BEING CREDIT PURCHASES)
Jan-3 CARTAGE A/C......Dr. 300
TO CASH A/C 300
(BEING CARTAGE EXPENSES)
Jan-4 FURNITURE A/C.....Dr. 2,000
TO CASH A/C 2,000
(BEING FURNITURE PURCHASED)
Jan-4 PRE-PAID EXPENSES A/C...Dr. 5,000
TO CASH A/C 5,000
(BEING PRE-PAID EXPENSES)
Jan-4 STATIONERY A/C....Dr. 1,000
TO CASH A/C 1,000
(BEING STATIONERY PURCHASED)
Jan-4 COMPUTER A/C......Dr. 13,000
TO BANK A/C 13,000
(BEING COMPUTER PURCHASED)
Jan-6 POSTAGE A/C.....Dr. 150
TO CASH A/C 150
(BEING POSTAGE EXPENSES)
Jan-8 CASH A/C.............Dr. 4,000
TO SALES A/C 4,000
(BEING CASH SALES)
Jan-9 SHARDA&Co. A/C.....Dr. 10,000
TO SALES A/C 10,000
(BEING CREDIT SALES)
Jan-9 CARTAGE OUTWARD A/C...Dr. 200
TO CASH A/C 200
(BEING CARTAGE EXPENSES PAID)
Jan-15 SINGH&CO. A/C.......Dr. 17,500
TO CASH A/C 17,500
(BEING CASH RECEIVED FROM SINGH&Co.)
Jan-25 RAY AND CO....... Dr. 5,600
TO SALES A/C 5,600
(BEING CREDIT SALES)
Jan-27 BANK A/C...........Dr. 9,750
DISCOUNT ALLOWED A/C....Dr. 250
TO SARDHA&CO. A/C 10,000
(BEING CHEQUE RECEIVED FROM SARDHA&Co. &DISCOUNT ALLOWED Rs. 250)
Jan-31 SALARIES A/C.....Dr. 1,500
TO CASH A/C 1,500
(BEING SALARIES PAID)
Jan-31 DRAWINGS A/C.....Dr. 3,500
TO CASH A/C 3,500
(BEING DRAWINGS)
Explanation:
jan 27 sold goods to Sharda &co. ₹10000 but he give cheque of 9750 so the remaining amt will be shown in discount allowed A/C and the amount is 250
