Journalise

2016
the following transactions in the books of Ram & Co.i
April 2 A merchant started business with 10,000
2 Goods withdrawn by proprietor for 5,000
5 Purchased goods on credit from Rampersonal use 4,000
6 Paid cash to Mohan 500
10 Cash Sales 1,000
15 Goods sold to Sohan 2,000
20 Received cash from Ganesh 6,000
2,000
25 Purchased goods for cash 3,000
30Paid Income tax 300
30 Interest on capitâl 500
30 Goods given as charity 100
30Paid Rent 1,000
30 Goods given as free Sample in the books ofRam & Co.
 Journalise the following
transactions in the books of
2016 Ashok :
Jan. 2 Ashok openeda Current Account with a Bank for
Jan. 3 Received a cheque from Mohan for 1,000. 10,000.
Jan. 4 Deposited the cheque of Mohan into Bank.
Jan. 5 Paid Shyam 370 by cheque.
Jan. 7 Received cheque from Karan and deposited into bank on the same day ? 960.
Jan. 11 Deposited into Bank 4,000.
Jan. 12 Withdrew cash from Bank 100.
Jan. 14 Insurance premium paid by cheque 6,000.
Jan. 15 Withdrew cash for office use 500.
Jan. 28 Bank informed about the dishonour of the cheque of Hari amounting to 1,000.
Jan, 31 Bank allowed interest 100. Bankcharged commission 200.
ution
Journal Entries in the books of Ashok
Pass journalentries from the
2016 following transactions :
Jan. 1 Mahendra Singh started business with Cash 50,000,
2 Bank balance 40,000, Machinery z 3,0000 and Goods 70,000. 4,000
Paid for wages
Paid for postage 200
Paid for advertisement 6,000
3 Personal Drawings : Cash 2,000
Goods 3,000
From Bank 4,000
6 Purchased goods for Cash 6,000
Purchased goods from Ram Niwas Gupta 10,000
Purchased goods from Singh Traders 8,000
10 Sold goods for Cash 7,500
Sold goods to Sahitya Bhawan Publications 10,000
Sold goods to Arvind Traders 6,500
15 Received Interest 1,200
Received Rent 2,800
Received Commission 4,000
19 Yogendra Traders returned goods valued 6,000 and immediately returned
at cost price of? 3,000 to Zuber Traders.
20 Purchased Typewriter for Cash 7,000
Purchased Ofice equipment for Cash 6,000
22 Purchased a pair of Bullocks 8,500
25 A Bullock died and its carcass sold 250
30 Purchased an existing business with following items
Stock 60,000, Debtors 50,000, Machinery 40,000, Creditors 50,000.
The purchase price agreed upon was 1,00,000 and it was paidimmediately.
 (15) (14) (13) (12) (11) (10) (9)
(8) (7) (6) (5) (4) Journalise
(3) (2) (1)
RupaChandrama
Raj received Interest In
Interest
Interest
Interest Interest
Bad LoanCheque Loan Cash
1,250
Store, final
Dresses, debts
owing settlement takentaken given the
receivable
and receivable
paid payable charged given
Patna recovered following
Singh's
deposited to from from as
Katihar by as
loan
declared
Manohar, Ram to Rimmy byBank loan
cheque from
of Basudev from Bank transactions to
& to Raj
declared Company,
intoChandan a Barman
insolvent debt 24% inRupaStore,
written
returned Bank & Cash
of Sons, per Dress,
insolvent Brothers, Patna in
7,200,Singh Ranchi annum the
and off Katihar Katihar
dishonoured books
40bad as a for
andpaise cheque Purt
one of
nothing debts Ram
in of month
aChandrama Kishore
rupee
was
recovered
received Roy:
Singh
from from
his his
estate.
estate.

80,000
70,000 25,000
40,000
7,000 5,000 4,000 3,000 1,5002,000
Journalise the following transactions in the books of Manohar:
1. Salaries due to Clerks 12,400
2. Outstanding wages 5,600
0. Charges
9. Bank
8. 7. 6.
5. 4. 3.
Rent RentPayment
Repairs Paid Paid
eived
earned for Rent
of
repairs
ofCar, in
to but Cash advance
in
ance not payment to
Petrolfor
received
Chandan

not
yet
Mistry
made

,7002,300 2,5002,0001,400 1,600

300
Journalise the following:
(a) Goods costing 1,800 sold to Pappu after
(b) Pappu returned /5th of the goods sold. adding 10% profit on sale.
(c) Pappu cleared the account and
(d) Goods withdrew for personal usereceived 1% cash discount.
:cost price 5,000, selling price 5,500.
(e) Goods stolen : cost price 10,000, selling price
(f) Goods sold for cash to a customer for 20,000 and11,000.
(g) Paid 20,000 for proprietor's medical expenses, collected 7% sales tax on it.
2,000 for his 8on's college fees and 10,000
for office rent.
(h) Sold goods cOsting?6,000 to Shakuntala issued invoice 10% above cost and allowed 5% trade
discount.
(i) Credit note i88ued to Rohan for 500 for goods damaged in tran1
G) Returned goods for 7,000 to Hariharan and received his credit note.
 Enter the following transactions in the Journal of Dr. S. Sinha, Katiher :
2016
75,000
March 1 Started business with a Capital of 30,000
3 Purchased goods from Kumar Steels for cash 40,000
5 Purchased goods from Prasad Steels on credit
8 Goods returned to Kumar Steels 5.000
9 Sold goods to Mahendra Lal for cash 60,000
10 Sold goods to Hazarika Traders on credit 50,000
11 Paid Carriage 5,000
21 Withdrew cash for private use 4,000
28 Rent paid 1,500
28 Interest received 1,500
30 Paid advertisement to Hindustan Daily, Newspaper for cash 2,000
31 Paid Legal expenses for cash 500