• Compound Journal Entries
5.
Pass Compound journal entries for the following transactions in the books of
Gaurav-
(1) Business started by investing cash 10,000. Goods 2,000, Furniture 3.000 and
Machinery 5.000.
(2) Credit purchases from Aman 2.000, Baban 2,500. Chaman 3,500.
(3) Credit sales to Paresh 4,000, Naresh 3,000. Jayesh 2,000.
(4) Goods returned to Aman 200. Chaman 300.
(5) Goods returned by customers Naresh 300, Jayesh 100.
(6) Goods 200 and cash 100 given as charity.
(7) Cash withdrawn from bank for personal use 200, for office use 800.
[ Ans. Total of Journal 39,200 ]
Answers
(1). Cash a/c. Dr. 10000
Goods a/c. Dr. 2000
Furniture a/c. Dr. 3000
To Capital a/c. 15000
(2). Purchase a/c. Dr. 8000
To Aman a/c. 2000
To Baban a/c. 2500
To Chaman a/c. 3500
(3). Paresh a/c. Dr. 4000
Naresh a/c. Dr. 3000
Jayesh a/c. Dr. 2000
To sales a/c. 9000
(4). Aman a/c. Dr. 200
Chaman a/c. Dr. 300
To purchase return a/c. 500
(5). Sales return a/c. Dr. 400
To Naresh a/c. 300
To Jayesh a/c. 100
(6). Donation a/c. Dr. 300
To goods a/c. 200
To cash a/c. 100
(7). Drawings a/c. Dr. 200
Cash a/c. Dr. 800
To Bank a/c. 1000