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