Question

6. Journalise the following transactions in the books of Sita :
(1) Business commenced with a capital of 6,00,000
(11) * 4,50,000 deposited in a bank account.
(111) 2,30,000 plant and machinery purchased by paying * 30,000 cash immediately.
(iv) Purchased goods worth 40,000 for cash and * 45,000 on account.
(v) Paid a cheque of 2,00,000 to the supplier for plant and machinery
(vi) 7 70,000 cash sales (of goods coating 50,000).
(vii) Withdrawn by the proprietor 36,000 cash for personal use
(viii) Insurance paid by cheque of 2,500
(ix) Salary of 6,500 outstanding.
(x) Furniture of 30,000 purchased in cash.
(Ans. Grand Total 17,08,000)​

Answer 1

Explanation:

1)

Cash a/c Dr 600000

To capital a/c 600000

2)

Bank a/c Dr.450000

To Cash a/c 450000

3)

Plant and Machinery a/c Dr.230000

To Cash a/c 30000

To supplier a/c 200000

4)

Purchase a/c Dr 40000

To Cash a/c

5)

Supplier a/c Dr 200000

To Bank a/c 200000

6)

Cash a/c Dr.

To Sales a/c

7)

Drawing a/c Dr. 36000

To Cash a/c 36000

8)

Insurance a/c Dr. 2500

To Bank a/c 2500

9)

Salary a/c Dr. 6500

To Outstanding salary a/c 6500

10)

Furniture a/c Dr. 30000

To Cash a/c 30000

Answer 2

1) Cash a/c Dr 600000

To capital a/c 600000

2) Bank a/c Dr.450000

To Cash a/c 450000

3) Plant and Machinery a/c Dr.230000

To Cash a/c 30000

To supplier a/c 200000

4) Purchase a/c Dr 40000

To Cash a/c

5) Supplier a/c Dr 200000

To Bank a/c 200000

6) Cash a/c Dr.

To Sales a/c

7) Drawing a/c Dr. 36000

To Cash a/c 36000

8) Insurance a/c Dr. 2500

To Bank a/c 2500

9) Salary a/c Dr. 6500

To Outstanding salary a/c 6500

10) Furniture a/c Dr. 30000

To Cash a/c 30000