Mr. Nirmal has the following transactions in the month of April.
Write Journal Entries for the transactions and prepare ledger accounts.
10th April : Commenced business with a capital of 1,00,000
11th April : Purchased goods from Veeru for 20,000
13th April : Purchased Goods for Cash 15,000
14th April : Purchased Goods from Abhiram for cash 9,000
16th April : Bought Goods from Shyam on credit 12,000
17th April : Sold goods worth 15,000 to Tarun
19th April : Sold goods for cash 20,000
20th April : Sold goods to Utsav for cash 6,000
21st April : Sold goods to Pranav on credit 17,000
22nd April : Returned goods to Veeru 3,000
23rd April : Goods returned from Tarun 1,000
25th April : Goods taken by the proprietor for personal use 1,000
26th April : Bought Land for 50,000
27th April : Purchased machinery for cash 45,000
28th April : Bought computer from Intel Computers for 25,000
28th April : Cash sales 15,000
29th April : Cash purchases 22,000
30th April : Bought furniture for proprietor's residence and paid cash 10,000
Answers
Answer:
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Answer:
Solution
Journal Entries in the Books of Mr. Nirmal
Date Particulars L/F
Amount Amount
(Dr) (Cr)
April 2020 Cash a/c Dr – 1,0,000
10 1,0,000 th To capital a/c
[Being the amount received from Mr. Nirmal in
cash, the proprietor as his capital contribution vide
receipt no:__ dated:__]
–
11
th Goods/Stock a/c Dr – 2,000
To Vikas a/c – 2,000
[Being the value of stock purchased from Mr. Vikas
on credit vide bill no:_ dated:__]
13
th Purchases a/c Dr – 1,5,00
To cash a/c – 1,500
[Being the value of stock purchased for cash from
M/s vide bill no:_ dated:__]
14
th Purchases a/c Dr – 900
To cash a/c – 900
[Being the value of stock purchased for cash from
Mr. Anand vide bill no:_ dated:__]
16
th Purchases a/c Dr – 1,200
To Sheela a/c 1,200
[Being the value of stock purchased from Mr.
Sheela on credit vide bill no:_ dated:__]
–
17
th Arun a/c Dr – 1,500
To Sales a/c – 1,500
[Being the value of stock sold on credit to Mr.
Arun vide invoice no:_ dated:__]
19
th Cash a/c Dr – 2,000
To Sales a/c – 2,000
[Being the value of goods sold for cash vide
receipt no:_ dated:__]
20
th Cash a/c Dr – 600
Date Particulars L/F
Amount Amount
(Dr) (Cr)
To Sales a/c – 600
[Being the value of stock sold to Mr. Usha for cash
vide receipt no:_ dated:__]
21
st Praveen a/c Dr – 1,700
To Sales a/c – 1,700
[Being the value of stock sold to Mr. Praveen on
credit vide bill no:_ dated:__]
22
nd Vikas a/c – 300 300
To Purchase Returns a/c Dr –
[Being the value of goods returned to Mr. Vikas
vide returns bill no:_ dated:__]
23
rd Sales Returns a/c Dr – 100
To Arun a/c – 100
[Being the value of the stock returned by Mr. Arun
vide returns bill no:_ dated:__]
25
rd Drawings a/c Dr – 100
To Purchases a/c 100
[Being the value of stock taken by the proprietor
vide bill no:_ dated:__]
–
26
th Land a/c Dr – 5,000
To cash a/c – 5,000
[Being the amount paid for land purchased on ]
27
th Machinery a/c Dr – 4,500
To cash a/c – 4,500
[Being the amount paid for the purchase of
machinery vide bill no:_ dated:__]
28
th Computers a/c Dr – 2,500
To New Computers a/c 2,500
[Being the value of a computer purchased from
M/S New Computers on credit vide bill no:_
–
15
Date Particulars L/F
Amount Amount
(Dr) (Cr)
dated:__]
29
th Cash a/c Dr – 1,500
To Sales a/c – 1,500
[Being the value of stock sold for cash vide receipt
no:_ dated:__]
29
th Purchases a/c Dr – 2,200
To cash a/c – 2,200
[Being the value of stock purchased for cash vide
bill no:_ dated:__]
30
th Drawings a/c Dr – 1,000
To cash a/c – 1,000
[Being the amount of cash paid for furniture
purchased for proprietor's residence vide bill
no:_ dated:__]
Explanation: