8. Journalise the following transactions in the books of Shree Raju:
2017 Jan,01 Commenced business with cash Rs.40,000
Jan,05 Bought goods from Ravi Rs.10,000
Jan 08 Sold goods to Vinayak Rs. 15,000
Jan,10 Returned goods to Ravi Rs.300
Jan, 12 Vinayak returned us goods Rs. 300
Jan,15 Paid Ravi Rs. 5,000 by cash and the balance through
cheque
Jan,18 Received cheque from Vinayak Rs. 10,000 and the
balance received by cash
Jan,20 Withdrawn Cash of Rs. 1, 000 and goods worth
Rs.500 for domestic use.
Jan,25 Paid for printing charges Rs 500
Answers
Explanation:
Date Particulars L.F Dr Cr
2017
Jan 1 shree raju's capital a/cDr 40000
To Cash a/c 40000
jan 5 Purchase A/c Dr 10000
To Ravi A/c 10000
jan 8 Vinayaka A/c Dr 15000
To Sales A/c 15000
jan 10 Ravi A/c Dr 300
To Purchase returns a/c 300
jan 12 sales returns a/c Dr 300
To Vinayaka A/c 300
jan 15 Ravi A/c Dr 9700
To Cash a/c 5000
To bank a/c 4700
jan 18 Bank A/c Dr 10000
Cash a/c Dr 4700
To vinayaka a/c 14700
jan 20 Drawings a/c Dr 1500
To Cash 1000
To Stock A/c 500
jan25 Printing charges A/c Dr 500
To Cash A/c 500