Q. 8 Pass journal entries for the following transactions (6)
2019
April 1 Started business with cash
1,50,000
April 2 Purchased goods from Mohan
80,000
April 4 Goods worth 20,000 were destroyed by fire
April 6 Sold goods to Mahesh
8,000
April 10 Paid Life insurance premium
4,000
April 12 provide 10% interest on capital amounting to 10,00,000
April 13 Purchased furniture for cash 25,00
April 15 Vijay who owed Rs. 50,000 is declared insolvent and only 30
paise in the rupee could be received a final dividend.
Answers
Answer:
2019. Dr. Cr.
April 1. cash a/c Dr.. 1,50,000
to capital a/c 1,50,000
April 2. purchases a/c Dr.. 80,000
to Mohan's a/c 80,000
April 4. loss by fire a/c Dr.. 20,000
to purchases a/c 20,000
April 6. Mahesh's a/c Dr.. 8,000
to sales a/c 8,000
April 10. Drawing a/c Dr.. 4,000
to cash/bank a/c 4,000
April 12. Interest a/c Dr.. 10,00,00
to capital a/c 10,00,00
April 13. furniture a/c Dr.. 25,00
to cash a/c 25,00
April 15. cash a/c Dr.. 3,000
bad depts a/c 47,000
to Vijay's a/c 50,000