Question

Journalise the following with Suitable narration
(a)Purchased furniture for Rs 20,000/- , 1/4th for office decoration and rest for
reselling.
(b)Distributed goods costing Rs 5,000/- (SP-6,000/-) and Cash Rs 4,000/- in charity.
(c)Purchased goods for Rs 8,000/-from Aswin and sold them to Leharsh for Rs
11,000/-
(d)Stock worth Rs 7,000/- used for making office furniture , Rs 2,000/- paid in cash
towards the wages of the carpenter .
(e)Debtors for Rs 10,000/- became insolvent and could pay only 60 paise in a rupee.
(f)The proprietor directly paid the creditors of the firm Rs 7,000/- from him personal
fund.
(g)Sold goods costing 30,000/- at a profit of 20%, half for cash and balance on credit .
Of the cash Rs 4,000/- deposited in Bank.
(h)Depreciate office furniture by Rs 3,500/-
(i)Rent paid include rent paid for last year Rs 4,000/- and for next year Rs 6,000/-.

Answer 1

Answer:

a) Purchase a/c. dr 15000

Office furniture a/c. dr 5000

To cash account. 20000

b) Charity account dr 9000

To purchase a/c. 5000

To cash account. 4000

c). Purchase account dr. 8000

To Aswin 8000

Leharsh. dr. 11000

To sales account. 11000

d). Office furniture a/c dr 9000

To purchase account 7000

To cash account. 2000

e). cash account dr 6000

Bad debt a/c. dr 4000

To Debtors a/c. 10000

f) Creditors account. dr 7000

To capital account. 7000

g) Bank account. dr 4000

cash account. dr 14000

Debtors a/c. dr 18000

. ....To sales account. 36000

h) depreciation account dr 3500

To furniture account. 3500

i( outstanding rent dr 4000

prepaid rent. dr 6000

To cash account. 10000