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 10,00
Answers
Journal Entries
Date Particulars L/F Credit Debit
10th April Cash A/C Dr 1,00,000 1,00,000
to Capital
11th April Purchase A/C Dr 20,000 20,000
to Veeru
13th April Purchase A/C Dr 15,000 15,000
to Cash
14th April Purchase A/C Dr 9000 9000
to Cash
16th April Purchase A/C Dr 12,000 12,000
to Shyam
17th April Tarun A/C Dr 15,000 15,000
to Sale
19th April Cash A/C Dr 20,000 20,000
to Sale
20th April Cash A/C Dr 6000 6000
to Sale
21st April Pranav A/C Dr 17,000 17,000
to Sale
22nd April Veeru A/C Dr 3000 3000
to Purchase
23rd April Purchase A/C Dr 1000 1000
to Tarun
25th April Drawings A/C Dr 1000 1000
to Purchase
26th April Land A/C Dr 50,000 50,000
to Cash
27th April Machinery A/C Dr 45,000 45,000
to Cash
28th April Computer A/C Dr 25,000 25,000
to Intel Computers
29th April Purchase A/C Dr 22,000 22,000
to Cash
30th April Capital A/C Dr 1000 1000
to Cash
Answer:
Sold goods to utsav for cash 6,000