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ACCOUNTS AND JOURNAL ENTRY




ACCOUNTS AND JOURNAL  ENTRY 











Problem (1) Journalise the following transactions

Jan    1. Started business with Cash 1,00,000
2. Purchased Goods in Cash 50,000
5. Purchased a Table 20,000
  6. Took Loan from Sanjay of Rs.20,000
8. Opened a Bank Account 5,000
10. Sold goods to Raja in cash 38,000
12. Paid Carriage charges of Rs.2,000
14. Cash drawn for personal use 2,000
17. Sold goods to Sen 5,000 on credit
18. Further cash of Rs. 25,000 invest into business.
22. Cash withdrawn from Bank for office use Rs.4,000
24. Good return by Raja of Rs.3,000
25. Goods drawn for own use of Rs.500
26. Sales commission received of Rs.10,000 (out of which    Rs.5,000 in cheque)
31. Bank allowed interest on deposit of Rs.300
31. Rs.30,000 deposited into bank
31. Charged Rs.200 by bank towards Bank charges
31. Paid Salary by Cheque Rs.1,000
31. Paid wages Rs.2,000











Solution:
                                                           In the books of.........
                                                      Journal Entries
                                                                                                            Dr.                   Cr.
Date
Particulars
Amount(Rs.)
Amount(Rs.)
2020 Jan 1
Cash A/C                                                                    Dr.
    To Capital A/c
(Being business started with cash)
1,00,000
                        1,00,000
      2
Purchase A/C                                                            Dr.
    To Cash A/c
(Being goods purchase in cash)
50,000
           
50,000
       5
Table A/C                                                                   Dr.
    To Cash A/c
(Being table purchase in cash)
20,000
           
20,000
      6
Cash A/C                                                                    Dr.
    To Loan from Sanjay A/c
(Being loan taken from sanjay)
20,000
           
20,000
     8
Bank A/C                                                                    Dr.
    To Cash A/c
(Being open bank account )
            5,000
                       5,000
10
Cash A/C                                                                    Dr.                         
   To Sale A/c
(Being goods sold in cash )
          38,000
                       38,000
    12
Carriage A/C                                                             Dr.
    To Cash A/c
(Being carriage charges paid )
           2,000
                       2,000
    14
Drawing A/C                                                             Dr.
    To Cash A/c
(Being cash withdrawn for personal use )
           2,000
                       2,000
17
Sen A/C                                                                      Dr.
    To Sale A/c
(Being goods sold on credit )
           5,000
                       5,000
18
Cash A/C                                                                    Dr.
    To Capital A/c
(Being further cash introduced in business)
25,000
                        25,000
    22
Cash A/C                                                                    Dr.
    To Bank A/c
(Being cash withdrawn from bank for office use)
           4,000
                       4,000
    24
Sales Return/Return Inward A/C                           Dr.
    To Cash A/c
(Being goods goods return by Raja & given him cash)
           3,000
                       3,000
25
Drawing A/C                                                             Dr.
    To Purchase/Stock A/c
(Being Goods withdrawn for personal use )
           500
                       500
    26
Cash A/C                                                                    Dr.
Bank A/C                                                                    Dr.
   To Sales Commission A/c
(Being sales commission received in cash & bank)
           5,000
           5,000


10,000                      
31
Bank A/C                                                                    Dr.
    To Bank Interest A/c
(Being bank interest received )
            300
                       300
31
Bank A/C                                                                    Dr.
    To Cash A/c
(Being cash deposited into bank )
           30,000
                       30,000
31
Bank Charges A/C                                                    Dr.
    To Bank A/c
(Being bank charges paid )
            200
                       200
31
Salary A/C                                                                  Dr.
    To Bank A/c
(Being salary paid in cheque)
1,000
           
1,000
31
Wages A/C                                                                Dr.
    To Cash A/c
(Being wages paid in cash )
           2,000
                       2,000
 ( আপনারা যারা অনেকেই কিছুনা কিছু নিয়ে একটু আদটু লেখালেখি করেন তারা যদি তাদের লেখা সকলের কাছে শেয়ার করতে চান তাহলে আমকে ইনবক্স এ মেসেজ করতে পারেন ও তাদের লেখা এখানে শেয়ার করতেই পারেন । )
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