Accountancy, asked by meenalmattu, 8 months ago

EX
Journal
2. Enter the following transactions in the Journal of Ram:
Any
2020
June
June
of
1 Ram invested capital in cash
3 Purchased goods from Harish
June 5 Purchased goods for cash
June 8 Purchased goods from Mohit for cash
June 10 Sold goods to Kailash on credit
June 12 Sold goods to Nadeem for cash
June 14 Goods returned by Kailash
June 16 Goods returned to Harish
June 18 Machinery purchased from Sohan
June 19 Paid to Harish on account
June 25 Cash withdrawn for Personal use
June 30 Old newpapers sold
June 30 Received loan from Mohan and deposited in bank

Answers

Answered by gratefuljarette
206

Journal of Ram

Explanation:

Date        Particulars                 Debit       Credit

June 1   Cash a/c   Dr            100000

                  To Capital a/c                       100000

              (Ram invested capital)

June 3   Purchases a/c  Dr    10000

                   To Harish a/c                        10000

              (Purchased goods from Harish)

June 5   Purchase a/c    Dr      8000

                   To cash a/c                              8000

             (Purchased goods for cash)

June 8   Purchase a/c    Dr       7000

                    To cash a/c                             7000

              (Purchased goods from Mohit for cash)

June 10    Kailash a/c     Dr       2000

                     To sales a/c                             2000

               (Sold goods to Kailash on credit)

June 12     Cash a/c      Dr         1500

                    To sales                                    1500

               (Sold goods to Nadeem for cash)

June 14   Sales return a/c  Dr    500

                      To Kailash a/c                        500

               ( Goods returned by Kailash)

June 16    Harish a/c          Dr     360

                   To Purchase return a/c             360

                  (Goods returned to Harish)

June 18     Machinery a/c    Dr      8000

                        To Sohan                              8000

                  (Machinery purchased from Sohan)

June 19     Harish   a/c        Dr      5000

                      To Cash a/c                         5000

                  ( Paid to Harish on account)

June 25     Drawings a/c    Dr        5000

                        To cash a/c                          5000

                  (Cash withdrawn for Personal use)

June 30     Cash a/c           Dr         200

                       To Sundry expenses              200

                    (Old newspapers sold)

June 30      Bank a/c         Dr           50000

                       To loan from Mohan a/c          50000

                  (Received loan from Mohan and deposited in bank)

To know more:

Enter the following transactions in the Journal of Ram:

https://brainly.in/question/20072078

Answered by asthakriti19
49

Explanation:

june 1 cash A\C ..Dr. 1,00,000

to capital A/C. 100,000

( being the capital introduced by ram)

june 3. purchase A/C ...Dr 10,000

to harish 10,000

( being the goods purchased on credit )

june 5 purchase A/C ....Dr 8000

to cash 8000

( being the goods purchased in cash)

june 8. purchase A/C. ....Dr 7000

to mohit 7000

( being the goods purchased on credit )

june 10. kailash A/C. ....Dr 2000

to sale. 2000

( being the goods sold on credit)

june12. cash A/C. ....Dr 1,500

to sale A/C. 1,500

( being the goods sold in cash)

june 14. sale return A/C. ..Dr 500

kailash A/c 500

( being the goods return)

june 16. harish A/C. ..Dr 360

purchase return. 360

( being the goods return )

june 18. machinery A/C. ...Dr. 8,000

to sohan 8,000

( being the machinery purchased on credit)

june 19. harish A/C. ...Dr 5000

to bank A/ c. 5000

( being the paid to harish on account)

june 25. drawings A/C. ..Dr. 5,000

to cash. A/C. 5,000

( being the cash withdrawn his personal use)

june 30 cash A/C ..Dr 200

to sale A/C. 200

( being the old newspapers sold)

june 30. bank A/C ...Dr 50,000

to loan from mohan A/C. 50,000

( being the received loan from mohan and deposited in bank )

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