Banking Transactions
21. For the following transactions pass the necessary Journal Entries in the books of M/s
Agrawal brothers:
Jan. 1 Started business with cash Rs. 20,000 and goods worth Rs. 25,000.
Jan 4 Deposited Rs. 10,000 in the bank.
Jan. 6 Purchased a typewriter from Sohan and paid him by cheque of Rs. 12,000.
Jan. 13 Received a cheque from Ramesh for Rs. 2,000.
Jan. 15 Cheque of Ramesh deposited into the bank.
Jan. 16 Purchased goods from Kishore for Rs. 3,000.
Jan 20 Bank informed that cheque of Ramesh is dishonoured.
Jan 22 Sold goods to Hari for Rs. 2,500.
Jan. 25 Received Rs. 2,380 from Hari in full settlement of his account.
Jan. 30 Paid sundry expenses in cash Rs. 500 and by cheque Rs. 300.
(Ans. Journal Total Rs. 81,800.]
Answers
Answered by
9
Answer:
1.cash ac Dr 20,000
purchases acc Dr 25000
To capital acc 45000
2. bank ACC Dr 10,000
To cash ac 10,000
3.purchases acc Dr
To bank acc
4.bank acc Dr
To Ramesh acc
5.bank acc Dr
To cash acc
6.purchases acc Dr
To Kishore acc
7.dishonoure cheque acc Dr.
To bank acc
8.hari acc Dr
To sales acc
9.cash acc Dr
To Hari acc
10.sundry expenses acc Dr 800.
To cash acc 500
To bank acc 300
Explanation:
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Answered by
2
Explanation:
jan1. cash account dr. 20000
goods account dr. 25000
to capital account 45000
(being started business)
jan4. bank account dr. 10000
to cash account 10000
(being cash deposited into bank)
jan6. typewriter account dr. 12000
to bank account 12000
(being purchased a typewriter and paid him by cheque)
jan13. cash account dr. 2000
to ramesh 2000
(being cheque received from ramesh)
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