Question

Journalise the following transactions in the Books of RESHMA who has business as a trader:
A.01.10.04 Started business with cash Rs. 20,000
B.02.10.04 Bought goods for cash Rs. 1,000 C.10.10.04 Sold goods for cash Rs. 5,000
D.12.10.04 Sold goods to Jayanth Rs. 3,000 E.14.10.04 Received cash from Jayanth Rs. 2,000
F.16.10.04 Bought furniture from Sushma Rs. 1,600
G.20.10.04 Purchased goods from Veeraraju Rs. 800
H.21.10.04 Paid for stationary Rs. 600 22.10.04 Paid office rent Rs. 600
I.25.10.04 Paid cash to Sushma Rs. 1,500 in full settlement of her account
J.27.10.04 Paid interest on investments Rs. 400 K.28.10.04 Bought shares of Metro company for Rs. 1,500 for cash
L.29.10.04 Paid carriage Rs. 150
M.30.10.04 Paid postage Rs. 200​

Answer 1

JOURNAL OF RESHMA

2004

01.10.04 Cash A/c Dr. 20,000

To Capital A/c 20,000

Introduction of Capital

02.10.04 Purchases A/c Dr. 1000

To Cash A/c 1000

Purchased goods on cash

10.10.04 Cash A/c Dr. 5000

To sales A/c 5000

Sold goods

12.10.04 Jaynath A/c Dr. 3000

Sales A/c 3000

Sold to Jaynath

14.10.05 Cash A/c Dr. 2000

To Jaynath A/c 2000

Cash payment by Jaynath

16.10.04 Furniture A/c Dr. 1600

To Sushma A/c 1600

Purchased furniture from sushma

20.10.04 Purchases A/c Dr. 800

To Cash A/c 800

Purchased from Veerraju

21.10.04 Stationary A/c Dr. 600

To Cash A/c 600

Paid for stationary

22.10.04 Rent A/c Dr. 600

To Cash A/c 600

Paid office rent

25.10.04 Sushma A/c Dr. 1600

To discount received A/c 100

To Cash A/c 1500

Full settlement of sushma

27.10.04 Interest Reciveable A/c Dr. 400

To Interest A/c 400

Intrest on investment

28.10.04 Metero Co. Dr. 1500

To Cash A/c 1500

Bought shares for cash

29.10.04 Carriage A/c Dr. 150

To Cash A/c 150

Paid for carriage

30.10.04 Postage A/c Dr. 200

To Cash A/c 200

Paid for postal Service