Journal2022-2023 - commercemine

Question 13:

Journalise the following transactions of Rahul:

2022	`
Jan. 01: Rahul started business with cash.	2,00,000
Jan. 02: Paid into bank.	60,000
Jan. 03: Bought goods from Singh &Co.	20,000
Jan 03 : Paid cartage on goods purchased.	300
Jan. 04 : Purchased furniture.	2,000
Jan. 04 : Paid advance for purchase of HP Printers for 15,000.	5,000
Jan. 04 : Purchased calculator.	1,000
Jan. 04 : Purchased computer and paid by cheque.	13,000
Jan. 06 : Paid for Mobile bill and Internet (Office).	5,700
Jan. 08 : Sold goods for cash.	4,000
Jan. 09 : Sold goods to Sharda & Co.	10,000
Jan. 09 : Paid cartage on goods sold to Sharda & Co.	200
Jan. 15 : Paid to Singh &Co. on account.	17,500
Jan. 25 : Sold goods to Ray & Co.	5,600
Jan. 27 : Received cheque from Sharda &Co. in settlement of amount due from them.	9,750
Jan. 31 : Paid for electricity charges.	1,000
Jan. 31 : Paid salary to office staff..	1,500
Jan. 31 : Cash withdrawn for hospital expenses of owner.	7,500

Answer:

Journal
Date	Particulars		L.F	Debit `	Credit `
2022
Jan.01	Cash A/c	Dr.		2,00,000
	To Capital A/c				2,00,000
	(Being Started business with Cash)

Jan.02	Bank A/c	Dr.		60,000
	To Cash A/c				60,000
	(Being Deposited cash into bank)

Jan.03	Purchases A/c	Dr.		20,000
	To Bank A/c				20,000
	(Being)

Jan.03	Cartage A/c	Dr.		300
	To Cash A/c				300
	(Being)

Jan.04	Furniture A/c	Dr.		2,000
	To Cash A/c				2,000
	(Being furniture Purchased)

Jan.04	HP Printer A/c	Dr.		5,000
	To Cash A/c				5,000
	(Being Paid advance for purchase of HP Printers for 15,000.)

Jan.04	Office equipment A/c	Dr.		1,000
	To Sales A/c				1,000
	(Being purchased calculator)

Jan.04	Computer A/c	Dr.		13,000
	To Bank A/c				13,000
	(Being purchased computer and paid by cheque.)


Jan.06	Mobile expenses A/c	Dr.		5,700
	To Cash A/c				5,700
	(Being Paid for Mobile bill and Internet (Office).)


Jan.08	Cash A/c	Dr.		4,000
	To Sales A/c				4,000
	(Being Sold goods for cash.)

Jan.09	Cash A/c	Dr.		10,000
	To Sales A/c				10,000
	(Being Sold goods to Sharda & Co.)
Jan.09	Carriage outward A/c	Dr.		200
	To Cash A/c				200
	(Being Paid cartage on goods sold to Sharda & Co.)

Jan.15	Singh &Co.	Dr.		17,500
	To Cash A/c				17,500
	(Being Paid to Singh &Co. on account.)
Jan.25	Ray & Co.	Dr.		5,600
	To Sales A/c				5,600
	(Being Sold goods to Ray & Co.)

Jan.27	Cheque in hand A/c	Dr.		9,750
	Discount allowed A/c	Dr.		250
	To Sharda &Co. A/c				10,000
	(Being Received cheque from Sharda &Co. in settlement of amount due from them.)
Jan.31	Electricity Charges A/c	Dr.		1,000
	To Cash A/c				1,000
	(Being Paid for electricity charges.)
Jan.31	Salary A/c	Dr.		1,500
	To Cash A/c				1,500
	(Being Paid salary to office staff)
Jan.31	Drawings A/c	Dr.		7,500
	To Cash A/c				7,500
	(Being Cash withdrawn for hospital expenses of owner.)

Question 14:

Journalise the following transactions of Singh Enterprises, Delhi:

2022		`
June 1	Started business with cash	50,000
June 2	Deposited cheque from Savings Account in firm's account	2,00,000
June 3	Received cheque from Ram as loan	50,000
June 4	Purchased goods for cash	15,000
June 11	Sold goods to M/s. Hari Sales, Delhi	12,000
June 13	Paid to Ramavtar by cheque advance for Machine .	40,000
June 17	Received from M/s. Hari Sales, Delhi.	10,000
June 20	Bought furniture from S.R. Furnishers against cheque payment.	22,400
June 27	Paid rent by Cheque	28,000
June 27	Sold the personal Car and invested the amount in business.	80,000
June 27	Goods costing `2,000 were destroyed by fire. These goods were not insured
June 30	Paid life insurance premium for employees.	5,000
June 30	Paid salary	20,000

Answer:

Journal
Date	Particulars		L.F.	Debit `	Credit `
2018
June 01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Started business with cash)

June 02	Bank A/c	Dr.		2,00,000
	To Capital A/c				2,00,000
	(Cheque from Savings A/c to Firm’s A/c)

June 03	Cash A/c	Dr.		50,000
	To Ram’s loan A/c				50,000
	(Received cash from Ram as loan)

June 04	Purchases A/c	Dr.		15,000
	To Cash A/c				15,000
	(Goods purchased)

June 11	M/s Hari A/c	Dr.		12,000
	To Sales A/c				12,000
	(Goods sold on credit)

June 13	Ramavtar’s A/c	Dr.		40,000
	To Cash A/c				40,000
	(Paid cash as advance to Ramavtar)

June 17	Cash A/c	Dr.		10,000
	To M/s Hari A/c				10,000
	(Received cash from M/s Hari A/c)

June 20	Furniture A/c	Dr.		22,400
	To Bank A/c				22,400
	(Bought furniture from S.R. Furnishers against cheque payment)

June 27	Rent A/c	Dr.		28,000
	To Bank A/c				28,000
	(Paid rent)
June 27	Cash A/c	Dr.		80,000
	To Capital A/c				80,000
	(Capital brought in)
June 27	Loss by fire A/c	Dr.		2,000
	To Purchases A/c				2,000
	(Goods destroyed by fire)
June 30	Insurance premium A/c	Dr.		5,000
	To Cash A/c				5,000
	(Paid life insurance premium for employees.)
June 30	Salary A/c	Dr.		20,000
	To Cash A/c				20,000
	(Paid salary)

Question 15:

Journalise the following transactions of Rakesh Agencies, Delhi (Proprietor Shri Rakesh):

2022		`
Jan 1	Rakesh commenced business with cash	50,000
Jan 2	Purchased goods for cash	10,000
Jan 5	Purchased goods from Mohan, Delhi	60,000
Jan 7	Opened bank account with Bank of India	10,000
Jan 10	Purchased furniture for office	2,000
Jan 15	Sold goods for cash	8,000
Jan 20	Sold goods to Ram of the list price of 1,25,000 less 20% Trade discount and 2% cash discount and paid 40% by cheque
Jan 25	Cash sales	3,500
Jan 27	Paid to Mohan on account	3,000
Jan 28	Ram returns goods of sale value	5.000
Jan 31	Paid Salaries	9,000
Jan 31	Paid to the petty cashier	3,000
Jan 31	Rejected and returned 5% of goods supplied by Mohan

Answer:

Journal
Date	Particulars		L.F.	Debit `	Credit `
2019
Jan 01	Cash A/c	Dr.		50,000
	To Capital A/c				50,000
	(Started business with cash)

Jan 02	Purchases A/c	Dr.		10,000
	To Cash A/c				10,000
	(Goods purchased)

Jan 05	Purchases A/c	Dr.		60,000
	To Mohan’s A/c				60,000
	(Goods purchased)

Jan 07	Bank A/c	Dr.		10,000
	To Cash A/c				10,000
	(Opened Bank A/c)

Jan 10	Furniture A/c	Dr.		2,000
	To Cash A/c				2,000
	(Furniture purchased)

Jan 15	Cash A/c	Dr.		8,000
	To Sales A/c				8,000
	(Goods sold)

Jan 20	Ram’s A/c	Dr.		60,000
	Cheque in hand A/c	Dr.		39,200
	Discount allowed A/c	Dr.		800
	To Sales A/c				1,00,000
	(Sold goods to Ram of the list price of 1,25,000 less 20% Trade discount and 2% cash discount and paid 40% by cheque)

Jan 25	Cash A/c	Dr.		3,500
	To Sales A/c				3,500
	(Goods sold)

Jan 27	Mohan’s A/c	Dr.		3,000
	To Cash A/c				3,000
	(Paid to Mohan on account)

Jan 28	Sales Return A/c	Dr.		5,000
	To Ram’s A/c				5,000
	(Goods returned by Ram)

Jan 31	Salary A/c	Dr.		9,000
	To Cash				9,000
	(Paid salaries)
Jan 31	Petty cash A/c	Dr.		3,000
	To Cash A/c				3,000
	(Paid to petty Cash)

Jan 31	Mohan’s A/c	Dr.		3,000
	To Purchases Return A/c				3,000
	(Returned 5% of the goods supplied by Mohan)

Question 16:

Enter the following transactions in the Journal of Suresh, Delhi who trades in ready-made garments:

2022		`
April 1	Suresh paid into bank as Capital	60,000
April 2	He bought goods and paid by cheque	24,000
April 3	Sold goods to Mukand & Co., Delhi	6,700
April 4	Sold goods for cash	10,900
April 5	Paid sundry expenses in cash	3,000
April 8	Paid for office furniture and fittings by cheque	4,000
April 9	Bought goods from Ramesh & Bros., Faridabad (Haryana)	10,600
April 11	Returned goods to Ramesh & Bros.	1,500
April 12	Issued cheque to Ramesh & Bros. in full settlement	8,500
April 12	Goods costing 5,000 destroyed by fire.
April 20	Insurance Company paid claim.	4,000
April 30	Bank charged interest.	200
April 30	Borrowed from Ridhi @ 10% per annum interest.	50,000
April 30	Received from Mukand & Co. on account.	3,000
April 30	Sold household furniture and paid the amount into business.	10,000
April 30	Sold goods costing ` 5,000 to Anita for cash at a profit of 20% on cost, less 20% trade discount
April 30	Sold goods costing ` 20,000 to Sunil at a profit of 20% on sale less 20% Trade Discount and paid cartage `150 (to be charged from customer).

Answer:

Books of Suresh Journal
Date	Particulars		L.F.	Debit `	Credit `
2019
April 01	Bank A/c	Dr.		60,000
	To Capital A/c				60,000
	(Paid into Bank as Capital)

April 02	Purchases A/c	Dr.		24,000
	To Bank A/c				24,000
	(Bought goods for cheque)

April 03	Mukand & Co.	Dr.		6,700
	To Sales A/c				6,700
	(Sold Goods to Mukand & Co.)

April 04	Cash A/c	Dr.		10,900
	To Sales A/c				10,900
	(Sold goods for Cash)

April 05	Sundry Expenses A/c	Dr.		3,000
	To Cash A/c				3,000
	(Paid Sundry Expenses)

April 08	Furniture A/c	Dr.		4,000
	To Bank A/c				4,000
	(Bought Office furniture by cheque)

April 09	Purchases A/c	Dr.		10,600
	To Ramesh and Bros.				10,600
	(Bought goods from Ramesh and Bros)

April 11	Ramesh and Bros.	Dr.		1,500
	To purchases return A/c				1,500
	(Good returned to Ramesh and Bros.)

April 12	Ramesh Bros. A/c	Dr.		9,100
	To Bank A/c				8,500
	To Discount Received A/c				600
	(Cheque sent to Ramesh and Bros. and discount received)
April 12	Loss by fire A/c Dr.			5,000
	To purchases A/c				5,000
	(Goods costing 5,000 destroyed by fire.)

April 30	Interest A/c	Dr.		200
	To Bank A/c				200
	(Bank charged Interest)

April 30	Cash A/c	Dr.		50,000
	To Loan from Ridhi A/c				50,000
	(Borrowed from Ridhi @10% per annum)

April 30	Cash A/c	Dr.		3,000
	To Mukand & Co.				3,000
	(Received from Mukand & Co. on account)

April 30	Cash A/c	Dr.		10,000
	To Capital A/c				10,000
	(Sold household furniture and paid the amount into business)

April 30	Anit A/c	Dr.		4,800
	To Sales A/c				4,800
	(Sold goods costing `5,000 to Anita for cash at a profit of 20% on cost, less 20% trade discount)

April 30	Sunil	Dr.		19,350
	To Sales A/c				19,200
	To Cartage A/c				150
	(Sold goods costing `20,000 to Sunil at a profit of 20% on sale less 20% Trade Discount and paid cartage `150)

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Class 11th

Chapter 8 – Journal

Question No. 1 To 4
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Question No. 9 To 12
Question No. 13 To 16
Question No. 17 To 20

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Answer:

Journal

Date

Particulars

L.F

Debit

`

Credit

`

2022

Jan.01

Cash A/c

Dr.

2,00,000

To Capital A/c

2,00,000

(Being Started business with Cash)

Jan.02

Bank A/c

Dr.

60,000

To Cash A/c

60,000

(Being Deposited cash into bank)

Jan.03

Purchases A/c

Dr.

20,000

To Bank A/c

20,000

(Being)

Jan.03

Cartage A/c

Dr.

300

To Cash A/c

300

(Being)

Jan.04

Furniture A/c

Dr.

2,000

To Cash A/c

2,000

(Being furniture Purchased)

Jan.04

HP Printer A/c

Dr.

5,000

To Cash A/c

5,000

(Being Paid advance for purchase of HP Printers for 15,000.)

Jan.04

Office equipment A/c

Dr.

1,000

To Sales A/c