Question

Pass the necessary journal entries for the following transactions:

Answer 1

1) bank A/c Dr 10000
To cash A/c 10000

2) cash. A/c dr 5000
To bank A/c. 5000

3) cheque in hand A/c dr 11880
Discount. A/c. Dr 120
To Ramesh A/c. 12000

4) bank A/c. Dr 11880
To cheque in hand 11880

5) Ramesh A/c Dr 12020
To bank A/c. 11900
To discount A/c. 120

6)bank A/c. Dr 12080
To Ramesh 12020
To interest. 60

7) bank A/c. Dr 8000
To raha A/c. 8000

8) bank A/c Dr. 4300
Bank charges A/c dr. 700
To bank overdraft. 5000

9) bank. A/c. Dr 3800
Discount A/c. Dr 200
To bill receivable. 4000

10) bank charges. Dr 400
To bank. 400

11) bank A/c. Dr 3500
Cash. A/c. Dr. 3500
To sales. 7000