Question

Simple Journal Entries
1. Pass necessary Journal entries for the following transactions:
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Answer 1

Explanation:

Enter the following transactions in the journal of Manohar Lal & Sons:

2018 Rs.

March 1 Manohar Lal & Sons started business with cash 60,000

2 Purchased furniture for cash 10,000

4 Purchased goods for cash 25,000

5 Bought goods from Kamlesh 15,000

10 Paid cash to Kamlesh 15,000

16 Purchased goods from Sohan 6,000

18 Purchased goods from Sohan for cash 8,000

20 Paid rent for the office, 1000

Answer:

Journal

In the Books of Manohar Lal

Date Particulars L. F. Debit Amount(Rs)

Credit Amount(Rs)

2018

Mar. 01 Cash A/cDr. 60,000

To Capital A/c

60,000

(Started business with cash)

Mar. 02 Furniture A/c Dr. 10,000

To Cash A/c

10,000

(Furniture Purchased for cash)

Mar. 04 Purchases A/c Dr. 25,000

To Cash A/c

25,000

(Goods purchases A/c Dr. 15,000

Mar. 05 Purchases A/c Dr. 15,000

To Kamlesh 's A/c

15,000

(Goods purchased from Kamlesh)

Mar. 10 Kamlesh 's A/c Dr. 15,000

To Cash A/c

15,000

(Cash paid to Kamlesh)

Mar. 16 Purchases A/c

6,000

(Goods purchased from Sohan)

Mar. 18 Purchases A/c Dr. 8,000

(Goods purchased from Sohan for cash)

Mar. 20 Rent A/c Dr. 1,000

To Cash A/c

1,000

(Paid office rent)

Total: 1,40,000 1,40,000

Answer 2

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