Miss Twinkle started a restaurant investing Rs. 5,00,000 on Jan. 1, 2000 and further submits the
(i) Jan.5: She purchased furniture for Rs. 2,75,000; Crockery Rs. 75,000 and cooking
utensils Rs. 38,000
(ii) Jan. 10: She paid Rs. 1,00,000 as as lease for taking the shop on lease for ten years at
Daryaganj, Delhi.(iii) Jan. 15: She took a temporary loan of Rs. 75,000 from her brother Rupinder, a financier.
(iv) Jan. 25: She took a bank loan of Rs. 50,000 and repaid the loan taken from her brother,
Rupinder partly. Jan.
(v) Jan. 31: She appointed Lavina as a manager at a salary of Rs. 5000 p.m. and took from
her a security deposit of Rs. 50,000.
Pass Journal entire in the books of Twinkle Puni
Answers
Explanation:
Journal of Miss Tinkle
Date Particulars Dr Cr
Jan 5,2000 Furniture a/c Dr. 2,75,000
Crockery a/c Dr. 75,000
To Cash a/c 3,50,000
(For purchase of furniture and crockery)
Jan 10 Lease a/c Dr. 1,00,000
To cash a/c 1,00,000
(Pay for lease)
Jan 15 Bank a/c Dr. 75,000
To loan from Rupinder 75,000
( Loan from Rupinder)
Jan 25 Loan from Rupinder a/c Dr. 50,000
To Bank a/c 50000 ( Repaid loan)
Jan 31 Lavina Salary a/c Dr 5000
Security deposit a/c Dr. 50000
To cash a/c 55000
( Security deposit from Lavina)
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