Question

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P-3
Record the following transactions into Journal Book of Sheetal jain for the month of February - 2019.
Feb-1. Goods purchased for Rs. 20,000
feb-2. Cash sales Rs. 5000
feb 5 Purchased a building for Rs. 25,000 from DSK Co.
feb 8. Recieved from Dilip Rs. 7700
feb-12 Bought goods from Akshay Rs. 6000 and from Pradeep Rs. 4000
Feb-20. Purchased a motor car from Jay Motors Company Rs. 50,000
-Feb-25. Recieved interest Rs. 200
feb 28 Paid to Jay
Motors Co. Rs. 10,000.​

Answer 1

Answer:

In the books of Sheetal Jain

Feb 1. purchase a/c...........Dr 20,000

to bank a/c. 20,000

Feb 2. cash a/c..........................Dr 5000

to sales a/c. 5000

Feb 5. Building a/c.............Dr. 25,000

to DSK CO.a/c. 25,000

Feb 8. cash a/c....................Dr. 7700

to Dilip a/c. 7700

Feb 12. purchase a/c........Dr. 10,000

to Akshay a/c. 6000

to Pradeep a/c. 4000

Feb 20. motor car a/c......Dr 50,000

to jay motors a/c. 50,000

Feb 25. bank a/c.....................Dr. 200

to interest received a/c 200

Feb 28. jay a/c.........................Dr. 10,000

to motors co. a/c. 10,000

Answer 2

In this question, we are asked to pass the necessary journal entries.

                          Journal Entries in the books of Sheetal

Feb 1

Purchase A/C DR 20,000

            To Cash A/C 20,000

(Being purchase done)

Feb 2

Cash A/C DR 5,000

           To Sales A/C 5,000

(Being sales done)

Feb 5

Building A/C DR 25,000

          To DSK Co. A/C 25,000

(Being building purchased)

Feb 8

Cash A/C DR 7,700

                To Dilip A/C 7,700

(Being cash received)

Feb 12

Purchase A/C DR 10,000

             To Akshay A/C 6,000

              To Pradeep A/C 4,000

(Being goods purchased)

Feb 20

Motor Car A/C DR 50,000

          To Jay Motors A/C 50,000

(Being motor car purchased)

Feb 25

Cash A/C 200

        To Interest A/C 200

(Being interest received)

Feb 28

Jay Motors A/C DR 10,000

                 To Cash A/C 10,000

(Being some payment done to Jay motors)

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