Accountancy, asked by nuralom29, 5 months ago

Illustration 3: Journalise the following transactions. Also state the nature of each account
involved in the journal entry.
1. 2009 Dec. 1
Ajit stared business with Cash Rs. 40,000.
2. Dec. 3
He paid into the Bank Rs. 20,000.
3. Dec. 5 He purchased goods for cash Rs. 15,000.
4. Dec. 8 He sold goods for cash Rs. 6,000.
5. Dec. 10 He purchased furniture and paid by cheque Rs. 5,000,
6. Dec. 12. He sold goods to Arvind Rs. 4,000.
7.
Dec. 14
He purchased goods from Amrit Rs. 10,000.
8. Dec. 15 He returned Goods to Amrit Rs. 5,000.
9. Dec. 16 He received from Arvind Rs. 3,960 in full settlement,
10. Dec. 18 He withdrew goods for personal use Rs. 1,000.
11. Dec. 20 He withdrew.cash from business for personal use Rs. 2,000.
12. Dec. 24 He paid telephone charges Rs. 1,000.
13. Dec. 26 Cash paid to Amrit in full settlement Rs. 4,900.
14. Dec. 31 Paid for stationery Rs. 200, rent Rs. 500 and salaries to staff Rs. 2,000.
15. Dec. 31 Goods distributed by way of free samples Rs. 1,000.
Solution:
Expenses. Al​

Answers

Answered by bhadram480
3

particulars

1 . i dont remember

2 bank a/c dr 20,000

To cash a/c 20,000

3.purchase a/c dr 15,000

To cash a/c 15,000

4.cash a/c dr 6,000

To sales a/c 6,000

5.purchase a/c dr 5,000

To bank a/c 5,000

6.Cash a/c dr 4,000

To sales a/c 4,000

7. question is not there

8. sales return a/c dr 5,000

To Amrit a/c 5000

9. cash a/c dr 3960

discount allowed a/c dr 40

To amrit a/c 4,000

10. drawing a/c dr 1000

To stock a/c 1000

11. Drawings a/c dr 2000

To cash a /c 2000

12.telephone charges a/c dr 1000

To cash a/c 1000

13. Amrit's a/c dr 5000

To cash/bank a/c 4900

To discount received 100

14. stationery a/c dr 200

To cash a/c 200

rent a/c dr 500

To cash a/c 500

salaries a/c dr 2,000

To cash a/c 2,000

15. Advertisement a/c dr 1,000

To purchase account 1,000

hope this will help you and also pleasenote i havent added narration. : )

Similar questions