Question

Record the following transactions in the books of Mr Natraj.

Date particulars

2019

March 01 Invested cash into business Rs.300000/-

March 02 Purchased machinery Rs.90000/-

March 03 Wages paid for installation of machinery Rs.5000/-

March 04 Bought furniture Rs.15000/-

March 05 Purchased a motor bike for personal use Rs.50000/-

March 06 Purchased goods from sahil for cash Rs.10000/-

March 06 Sold goods to amit Rs.17500/-

March 07 Sold old newspapers Rs.150/-

March 08 Amit returned goods Rs.2000/-

March 11 Received from amit in full settlement Rs.15000/-

March 12 Bought computer from Ramesh Rs.35000/-

March 15 Cash sales Rs.20000/-

March 18 Paid to ramesh by cheque in full settlement Rs.34000/-

March 22 Sold goods to pavan Rs.12000/-

March 24 Paid electricity charges Rs.800

March 30 Dividend received Rs.3500/-​

Answer 1

Answer:

Journal entries

Explanation:

Cash A/c Dr

To Capital A/c

Machinery A/c Dr

To Cash A/c

Wages A/c Dr

To Cash A/c

Furniture A/c Dr

To Cash A/c

Drawings A/c Dr

To Motor Bike purchased A/c

Purchase A/c Dr

To Cash A/c

Amit A/c Dr

To Sales A/c

Cash A/c Dr

To Newspaper A/c

Sales Return A/c Dr

To Amit A/c

Cash A/c Dr

Discount Allowed A/c Dr

To Amit A/c

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