Question

8.
Transaction of Bank :
Write Journal Entry for Krishna for the following transaction:
2014
H. W
March 1 20,000 deposited with bank and opened account.
5 A cheque of 5000 received from Hari, which immediately deposited with bank.
6 A cheque of 2000 received from Ramaniklal for dues
10 Goods sold to Rupali 14,000, out of which cheque received for half amount,
which deposited with bank
12 Goods of * 10,000 purchased from Deepkala and paid half amount by cheque.
15 * 400 withdrawn from bank for personal expenses and 800 for office expense.
18 Life insurance premium * 300 and fire insurance premium 450 paid by
cheque.
20 Bank has approved over draft of * 25,000.
25 Bank has credited interest of 250 and debited bank charges of * 100.
31
A cheque of 5000 issued for foreign visit of son of owner from business.
​

Answer 1

Explanation:

1- Bank a/c..................dr 120,000

To cash a/c 120,000

2- Bank a/c................dr 5000

To Hari a/c 5000

3- Cash a/c...............dr 2000

To Ramnikalal a/c 2000

4- Rupali a/c............dr 7000

Bank a/c.............dr 7000

To sales a/c 14,000

5- Purchase a/c............dr 10,000

To Ramnikala a/c 5,000

To Bank a/c 5,000

6- Drawings a/c............dr 4,00

Office expenses........dr 8,00

To Bank a/c 1,200

7- Life insurance premium a/c........dr

300

Fire insurance premium a/c.........dr 450

To Bank a/c 750