Question

some of the examples of journal eintries

Answer 1

Answer:

cash to sales.

rent to cash

depreciation to machinery

Answer 2

ANSWER :

Journal is a book of original entry in which transactions are originally recorded in chronological order from source documents showing the accounts to be debited and credited in a systematic manner.

❖ Some examples of Journal entries are as follows :-

• [1] G. Sharma started business with a capital of Rs. 80000.

$: \mapsto : \: \sf{Cash \: \: A/C \: \: Dr. \: Rs. \: 80000} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \: \: \: \: \: \: \: \: \: \: \sf{To \: \: Capital \: \: A/C \: \: Rs. \: 80000} \\ \bold{(Being \: \: cash \: \: brought \: \: in \: \: as \: \: capital)}$

• [2] Purchased goods for cash Rs. 120000.

$: \mapsto: \: \sf{Purchases \: \: A/C \: \: Dr. \: Rs. \: 120000} \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \sf{To \: \: Cash \: \: A/C \: Rs. \: 120000} \\ \bold{(Being \: \: goods \: \: purchase \: \: for \: \: cash)}$

• [3] Goods Withdrawn by the proprietor worth Rs. 2000 for personal use.

$: \mapsto : \: \sf{Drawings \: \: A/C \: \: Dr. \: Rs. \: 2000} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \sf{To \: \: Purchase \: \: A/C \: Rs. \: 2000} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \bold{(Being \: \: goods \: \: taken \: \: by \: \: proprietor \: \: for \: \: personal \: \: use)}$

• [4] Sold goods for cash Rs. 45000 to Arun.

$: \mapsto : \: \sf{Cash \: \: A/C \: \: Dr. \: Rs. \: 45000} \: \: \: \: \: \: \: \:\: \: \: \: \: \: \\ \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \:\sf{To \: \: Sales \: \: A/C \: Rs. \: 45000} \\ \bold{(Being \: \: goods \: \: sold \: \: on \: \: cash)}$

• [5] Purchase furniture on credit from M/S Furnico of Rs. 10000.

$: \mapsto : \: \sf{Furniture \: \: A/C \: \: Dr. \: Rs. \: 10000} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \: \: \: \: \: \: \: \: \: \: \: \sf{To \: \: M/S \: \: Furnico \: \: Rs. \: 10000} \\\bold{(Being \: \: furniture \: \: purchased \: \: on \: \: credit)}$

• [6] Sold goods on credit to Pranjit worth Rs. 5000.

$: \mapsto: \: \sf{Pradip \: \: Dr. \: Rs. \: 5000} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \: \: \: \: \: \: \: \sf{To \: \: Sales \: \: A/C \: \: Rs. \: 5000} \\ \: \: \: \: \bold{(Being \: \: goods \: \: sold \: \: on \: \: credit)}$

• [7] Rent paid Rs. 9000 to landlord by cheque.

$: \mapsto: \: \sf{Rent \: \: A/C \: \: Dr. \: Rs. \: 9000} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \: \: \: \: \: \: \: \: \: \sf{To \: \: Bank \: \: A/C \: \: Rs. \: 9000 } \\ \: \: \: \: \bold{(Being \: \: rent \: \: paid \: \: by \: \: cheque)}$

• [8] Took a loan at 10% p.a. interest from Bank Rs. 40000.

$: \mapsto: \: \sf{Bank \: \: A/C \: \: Dr. \: Rs. \: 40000 } \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \sf{To \: \: 10 \% \: \: loan \: \: from \: \: Bank \: \: Rs. \: 40000} \: \: \: \: \: \: \: \: \: \: \: \: \\ \bold{(Being \: \: loan \: \: taken \: \: from \: \: bank \: \: at \: \: 10 \% \: \: interest \: \: p.a.)}$

• [9] Provide depreciation @10% on Machinery costing Rs. 50000.

$: \mapsto: \: \sf{Depreciation \: \: A/C \: \: Dr. \: Rs. \: 5000} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \sf{To \: \: Machinery \: \: A/C \: \: Rs.\: 5000} \: \: \: \: \: \: \\ \bold{(Being \: \: depreciation \: \: charged \: \: on \: \: machinery \: \: @10 \%)}$

• [10] Out of purchase, goods worth Rs. 1500 were given as charity.

$: \mapsto : \: \sf{ Charity \: \: A/C \: \: Dr. \: Rs. \: 1500} \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \: \\ \sf{To \: \: Purchase \: \: A/C \: \: Rs. \: 1500} \: \: \: \: \: \: \: \: \: \\ \bold{(Being \: \: the \: \: amount \: \: of \: \: goods \: \: given \: \: as \: \: charity)}$