Question

Journalize the following transaction in the book of Mr. Sumedh.​

Answer 1

Answer:

Journalise the following transaction in the books of Sanjana and post them into the ledger: January,1. Rs. Cash at hand 6,000 Cash at bank 55,000 Stock of goods 40,000 Due to Rohan 6,000 Due from Tarun 10,000 3. Sold goods to Karuna 15,000 4. Cash sales 10,000 6. Goods sold to Heena 5,000 8. Purchased goods from Rupali 30,000 10. Goods returned from karuna 2,000 14. Cash received from karuna 13,000 15. Cheque given to Rohan 6,000 16. Cash received from Heena 3,000 20. Cheque received from to Tarun 10,000 22. Cheque recived from to Heena 2,000 25. Cash given to Rupali 18,000 26. Paid salary 1,000 27. Paid salary 8,000 28. Cash sale 7,000 29. Cheque given to Rupali 12,000 30. Sanjana took goods for personal use 4,000 31. Paid General expense 500Read more on Sarthaks.com - https://www.sarthaks.com/592014/journalise-the-following-transaction-in-the-books-of-sanjana-and-post-them-into-the-ledger

Answer 2

The answer has to be written as Journal entries.

Date                   Particulars               L/F         Amount (Dr.)     Amount (Cr.)

2021

Sept. 1   Cash A/c (Dr.)                                           5,25,000

              Furniture A/c (Dr.)                                      25,000

              Machinery A/c (Dr.)                                   50,000

              Building A/c (Dr.)                                        2,50,000

                       To Capital A/c                                                             8,50,000

            ( Being Business commenced)

Sept. 2  Purchases A/c (Dr.)                                     50,000

                    To Cash A/c                                                                    45,000

                    To Discount Received A/c                                             5000

( Being goods purchased for cash and received discount @ 10%)

Sept. 4   Mr. Zope A/c (Dr.)                                       67500

                    To Sales A/c                                                                      67500

            ( Being goods sold on credit @ 10% Trade Discount)

Sept. 5  Bank A/c (Dr.)                                               5500

                To Cash A/c                                                                         5500

              ( Being cash deposited into Bank)

Sept. 6     Salary A/c (Dr.)                                           5000

                    To Cash A/c                                                                       5000

              ( Being Salary paid to Sanjay)

Sept. 7       Rent A/c (Dr.)                                           20,500

                   Wages A/c (Dr.)                                        500

                      To Cash A/c                                                                    21,000

               ( Being Rent and Wages paid)

Sept. 8         Cash A/c (Dr.)                                            3000

                         To Bank A/c                                                                    3000

                  ( Being cash withdrawn from bank)

Sept. 10     Purchases A/c (Dr.)                                    5900

                           To Mitali A/c                                                                   5000

                      To GST Paid A/c                                                                    900

                  ( Being goods purchased @ 18% GST)

Sept. 11         Cash A/c (Dr.)                                           1,00,800  

                        To Sales A/c                                                                   90,000        

           To GST Collected A/c                                                                   10,800

                  ( Being goods sold for cash @12% GST)

 

• All the entries will be written in the format mentioned above with proper narrations.
• Journals are among the first source of information in the books of records.
• Thus, they are necessary to maintain in the records.