Question

Journalise the following transaction in the books of Suman Traders on March 1995.
1. Started business with cash Rs 1,00,000
2. Rent outstanding Rs 5000
3. Prepaid salary Rs 10,000
4. Commission received Rs 2000
5. Received stationary Rs 1000
6. Cash purchases Rs 5400
7. Sold goods for cash Rs 2000
8. Interest on capital Rs 500
9. Depreciation on machinery Rs 6000
10.Goods distributed as free samples Rs 800
12. Drew for personal use Rs 5500
13. Accured commission Rs 900
15. Goods destroyed by fire Rs 8000
17. Bought Furniture for Rs 20,000
18. Deposited into bank Rs2000
20. Drew for office use Rs 1500
25. Purchased goods from Mr.X Rs 7000
27. Sold goods to Mr.Y Rs4000
28. Returned goods to Mr X Rs 1000
29. Mr.Y returned goods to us Rs 500​

Answer 1

Answer:

Explanation:

Cash a/c. Dr. 1,00,000

To capital a/c. 1,00,000

Rent a/c. Dr.5,000

To outstanding rent a/c. 5,000

Prepaid salary a/c. Dr. 10000

To salary a/c. 10000

Cash a/c. Dr.2000

To commission a/c. 2000

Stationary a/c. Dr 1000

To cash a/c. 1000

Purchases a/c. Dr.5400

To cash a/c 5400

Cash a/c. Dr. 2000

To sales a/c. 2000

Interest on capital a/c. Dr. 500

To capital a/c. 500

Depreciation a/c. Dr.6000

To machinery a/c. 6000

Advertisement a/c. Dr.800

To cash a/c. 800

Drawings a/c. Dr.5500

To cash a/c. 5500

Accrued comm.a/c Dr 900

To cash a/c. 900

Loss by fire a/c. Dr.8000

To purchases a/c. 8000

Furniture a/c. Dr. 20,000

To cash a/c. 20,000

Bank a/c. Dr. 2000

To cash a/c. 2000

Cash a/c. Dr. 1500

To bank a/c. 1500

Purchases a/c. Dr 7000

To Mr. X a/c 7000

Mr.Y a/c. Dr. 4000

To sales a/c. 4,000

Mr. X a/c. Dr. 1,000

To purchase return a/c. 1000

Sales return a/c. Dr. 500

To Y's. a/c. 500

Hope it helps you.