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Sakthi Institute of Information and Management Studies: (Feb 2011-AUQP)

This document provides several transactions from different time periods to journalize. It includes transactions such as starting a business with cash, purchasing and selling goods for cash and credit, payments to suppliers and employees, drawing cash for personal use, and other common business transactions. The goal is to practice journalizing typical accounting entries.

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Gopal Krishnan
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40 views

Sakthi Institute of Information and Management Studies: (Feb 2011-AUQP)

This document provides several transactions from different time periods to journalize. It includes transactions such as starting a business with cash, purchasing and selling goods for cash and credit, payments to suppliers and employees, drawing cash for personal use, and other common business transactions. The goal is to practice journalizing typical accounting entries.

Uploaded by

Gopal Krishnan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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SAKTHI INSTITUTE OF INFORMATION AND MANAGEMENT STUDIES

ACCOUNTING FOR MANAGEMENT



1. Journalise the following transactions:
2012 April Rs.
1 Arul commenced business with 21,000
2 Bought goods for cash 9,200
4 Sold goods to kannan on credit 5,600
5 Purchased goods from Mahi 3,300
9 Received cash from Kannan 3,600
11 Paid Mahi on account 2,100
16 Sold goods to Mano 3,500
21 Cash Sales 7,500
26 Paid Mahi 1,200
29 Received cash from Mano 3,500
30 Paid Rent 450
30 Paid Salaries to office Staff 700

2. Journalise the following transactions:
February 1 Bought goods from senthil for cash 730
2 Bought machinery 6,700
3 Paid for Stationery 120
4 Bought goods from Aruna 875
5 Received five chairs from Godrej 225
6 Bought Packing Materials from Uma&co 175
7 Sold old Machinery 1,400

3. Journalise the following:
March 1 Ajit drew Rs.200 for personal use.
5 Ajit drew a cheque for Rs.300 for personal use.
10 Ajit the proprietor of a Hotel took Rs.400 worth goods for his household use.

4. Journalise the following transactions:
December 2011 2 Started business with Rs.10,000; paid into Bank Rs.5,000.
3 Bought one typewriter for Rs.800 from the Rand Inc. on credit.
5 Paid telephone rent Rs.240 for one year.
8 Bought one delivery van for Rs.10, 000 from the Delhi Motor & Co.
Payment to be made by monthly instalments of Rs.500 each together with
interest at 9%. First instalment paid by cheque.
5. Journalise the following transactions(Feb 2011-AUQP)
2010 January 1 Bought goods on credit from Raju Rs.200
2 Goods returned by moorthy Rs. 25
3 Paid Carriage Rs.50
4 Received cash from Govind Rs.500
5 Paid Insurance Charges Rs.50
6 Sale of Type writer Rs.250
7 Sold goods to Hari Rs.150
8 Commission received in cash Rs.200

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