Question

Journalise the following transactions in the books of M/s Sohan & sons:
2008 Rs.
Jan., 01 Goods purchase for cash 1,200
Jan., 02 Purchase good from Ram 1,500
Jan., 04 Goods sold to Laxman 1,000
Jan., 05 Furniture purchase for cash 800
Jan., 07 Charge interest on capital 2,500
Jan., 11 Goods return from Laxman 200
Jan., 12 Goods return to Ram 500
Jan., 14 Withdrew from bank for private use 6,000
Jan., 16 Give in charity: Cash 100
Goods 200
Jan., 19 Salaries paid by cheque 4,000
Jan., 21 Goods sold to Sachin on 10% trade discount and 8% Cash discount 1,000
Jan., 23 Laxman become insolvent and could pay only 75 paise in a rupee
Jan., 26 Proprietor took goods for his personal use 2,000
Jan., 29 Postage Rs. 200 and Rent Rs. 1000 Paid
Jan., 31 Received Rs. 4,000 from insurance company

Answer 1

Answer:

JOURNAL ENTRIES

In the books of M/s Sohan & sons

For the month of January, 2008:

Jan., 01 Goods purchase for cash 1,200

$\implies$ Purchases A/C... Dr. Rs. 1200

To Cash A/C

Jan., 02 Purchase good from Ram 1,500

$\implies$ Purchases A/C... Dr. Rs. 1500

To Ram A/C

Jan., 04 Goods sold to Laxman 1,000

$\implies$ Laxman A/C... Dr. Rs. 1000

To Sales A/C

Jan., 05 Furniture purchase for cash 800

$\implies$ Furniture A/C... Dr. Rs.800

To Cash A/C

Jan., 07 Charge interest on capital 2,500

$\implies$ Interest On Capital A/C... Dr. Rs. 2500

To Capital A/C

Jan., 11 Goods return from Laxman 200

$\implies$ Return Inward A/C... Dr. Rs. 200

To Laxman A/C

Jan., 12 Goods return to Ram 500

$\implies$ Ram A/C... Dr. Rs. 500

To Return Outward A/C

Jan., 14 Withdrew from bank for private use 6,000

$\implies$ Drawings A/C... Dr. Rs. 6000

To Bank A/C

Jan., 16 Give in charity: Cash 100

Goods 200

$\implies$ Charity A/C... Dr. Rs 300

To Purchases A/C

Jan., 19 Salaries paid by cheque 4,000

$\implies$ Salaries A/C... Dr. Rs. 4000

To Bank A/C

Jan., 21 Goods sold to Sachin on 10% trade discount and 8% Cash discount 1,000

$\implies$ Cash A/C... Dr. Rs. 828

Discount Allowed...Dr. Rs. 72

To Sales A/C Rs. 900

Jan., 23 Laxman become insolvent and could pay only 75 paise in a rupee.

Jan., 26 Proprietor took goods for his personal use 2,000

$\implies$Drawings A/C... Dr. Rs. 2000

To Purchases A/C

Jan., 29 Postage Rs. 200 and Rent Rs. 1000 Paid

$\implies$ Postage A/C... Dr. Rs. 200

Rent A/C... Dr. Rs. 1000

To Cash A/C. Rs. 1200

Jan., 31 Received Rs. 4,000 from insurance company

$\implies$ Cash A/C... Dr. Rs 4000

To Insurance Received A/C

Answer 2

Answer:

Ruskin Bond is an Indian author of British descent. He lives with his adopted family in Landour, Mussoorie, India. The Indian Council for Child Education has recognised his role in the growth of children's literature in India.