5. Journalise the following the books of MR. JAYANTH
April 01 Started business with cash 50,000
April 02 Purchased goods for cash 25,000
April 04 Sold on credit to MR. RAGHU 35,000
April 06 purchased goods for credit from MR.KAMAL
April 08 - MR. RAGHU Returned goods wroth 5,000.
April 10 Sold goods for cash
20,000
April 15 good returned to MR. KAMAL 2,000.
April 21 SRINIVAS PAID CASH 5,000
Answers
Answer:
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Page No 9.59:
Question 1:
Enter the following transactions in the Journal of Manohar Lal & Sons.:
2018 ₹
March 1 Manohar Lal & Sons started business with cash 60,000
2 Purchased furniture for cash 10,000
4 Purchased goods for cash 25,000
5 Bought goods from Kamlesh 15,000
10 Paid cash to Kamlesh 15,000
16 Purchased goods from Sohan 6,000
18 Purchased goods from Sohan for cash 8,000
20 Paid rent for the office 1,000
ANSWER:
Journal
In the Books of Manohar Lal
Date Particulars L.F. Debit Amount (₹) Credit Amount (₹)
2018
Mar. 01 Cash A/c Dr. 60,000
To Capital A/c
60,000
( Started business with cash)
Mar. 02 Furniture A/c Dr. 10,000
To Cash A/c
10,000
(Furniture purchased for cash)
Mar. 04 Purchases A/c Dr. 25,000
To Cash A/c
25,000
( Goods purchased for cash)
Mar. 05 Purchases A/c Dr. 15,000
To Kamlesh’s A/c
15,000
(Goods purchased from Kamlesh)
Mar. 10 Kamlesh’s A/c Dr. 15,000
To Cash A/c
15,000
(Cash paid to Kamlesh)
Mar. 16 Purchases A/c Dr. 6,000
To Sohan’s A/c
6,000
(Goods purchased from Sohan)
Mar. 18 Purchases A/c Dr. 8,000
To Cash A/c
8,000
(Goods purchased from Sohan for cash)
Mar. 20 Rent A/c Dr. 1,000
To Cash A/c
1,000
(Paid office rent)
TOTAL 1,40,000 1,40,000
Page No 9.59:
Question 2:
Enter the following transactions in the Journal of M/s Tripathi Bros. :-
2018 ₹
Jan. 6 Sold goods for cash 36,000
8 Sold goods to Hari 30,000
14 Received cash from Hari 18,000
26 Received Commission 750
27 Paid Salary to Gopal 1,200
28 Received cash from Hari 12,000
29 Withdrew cash from office for personal use 4,000
30 Wages paid 7,200
30 Bought Machinery for Cash 8,000
ANSWER:
Journal
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2018
Jan 06
Cash A/c
Dr.
36,000
To Sales A/c
36,000
(Sold goods for cash)
Jan 08
Hari A/c
Dr.
30,000
To Sales A/c
30,000
(Sold goods to Hari)
Jan 14
Cash A/c
Dr.
18,000
To Hari A/c
18,000
(Received cash from Hari)
Jan 26
Cash A/c
Dr.
750
To Commission A/c
750
(Received commission)
Jan 27
Salary A/c
Dr.
1,200
To Cash A/c
1,200
(Paid salary to Gopal)
Jan 28
Cash A/c
Dr.
12,000
To Hari A/c
12,000
(Received cash from Hari)
Jan 29
Drawings A/c
Dr.
4,000
To Cash A/c
4,000
(Drew cash for personal use)
Jan 30
Wages A/c
Dr.
7,200
To Cash A/c
7,200
(Paid wages)
Jan 30
Machinery A/c
Dr.
8,000
To Cash A/c
8,000
(Purchased machinery)
Answer:
April 01 started business with cash 50000