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June 25 Cash withdrawn for Personal use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
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(Cash withdrawn for Personal use)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
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 )