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44 views

Journal Entries Material

Uploaded by

nkf4jnv67m
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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1. Mr. Nirmal has the following transactions in the month of April.

Write Journal Entries for the transactions.

10th April Commenced business with a capital of 1,00,000


11th April Purchased goods from Veeru for 20,000
13th April Purchased Goods for Cash 15,000
14th April Purchased Goods from Abhiram for cash 9,000
16th April Bought Goods from Shyam on credit 12,000
17th April Sold goods worth 15,000 to Tarun
19th April Sold goods for cash 20,000
20th April Sold goods to Utsav for cash 6,000
21st April Sold goods to Pranav on credit 17,000
22nd April Returned goods to Veeru 3,000
23rd April Goods returned from Tarun 1,000
25th April Goods taken by the proprietor for personal use 1,000
26th April Bought Land for 50,000
27th April Purchased machinery for cash 45,000

AGBS , HYD
28th April Bought computer from Intel Computers for 25,000
28th April Cash sales 15,000
29th April Cash purchases 22,000
30th April Bought furniture for proprietor's residence and paid cash 10,000

2. Write journal entries in the books of Chikky & Bros.

10th June Paid wages 12,000

11th June paid rent by cheque 10,000

13th June Paid salary to Mr. Charan 12,000

14th June Purchased stationery from Kagaz & Co. and paid by cheque 5,000

15th June Received interest 14,000

17th June Received commission by cheque 6,000

18th June Rent received from Mr. Mody 8,000

19th June Interest received from Mr.Bijju by cheque 10,000

20th June Carriage paid on purchase of goods 3,000

22nd June Carriage paid on sale of goods 2,000

4. Pass journal entries for the followings

1. Raghu started business with cash Rs.80,000, goods Rs.40,000 and furniture Rs.20,000.

2. Sold goods to Shyam Rs.20,000

3. Paid rent Rs.800, Trade expenses Rs.400and Travelling expenses Rs.500.

4. Paid into bank for opening a current account Rs.25,000.

5. Bought goods from Kamal for Rs.20,000 . Paid 60% amount immediately.

6. Received from Shyam full amount at 5% discount.

8. Charge interest on drawings Rs.800.

AGBS , HYD
10. Total rent paid this year Rs.40,000

11. Loan taken for Car for office use Rs.1,00,000.

12. Paid installation charges on machinery Rs.1,000.

13. Goods purchased Rs.30,000, carriage paid on them Rs.3,000.

14. Provide interest on capital @ 6%.

17. Rahul who owed us Rs. 12,000 becomes insolvent and a first and final dividend of 60
paise in a rupee is received from his estate.

19. Proprietor withdrew for private use Rs.4, 000 from office and Rs.6, 000 from bank.

20. Received cash for dividend on securities Rs.200

24. Commission received Rs. 7,000.

25. Cash invested in shares Rs.50,000,

5. journalise the following transactions :

1. Manoj started business with cash 300000 , furniture 200000 , machinery 100000 and
building 300000.

2. Deposited into bank 50000

3. rent received 10000

4. commission paid 10000

5. Withdrawn from bank for office use 2000 personal use 1500

6. purchased building 100000

7. paid salaries 20000

8. paid for stationery 2000

9. purchased goods from R 200000

10. sold goods 300000

AGBS , HYD
11. paid to R in full settlement 190000

6. Journalise the following transactions in the books of Raju: 2002.

April 1 - Raju commenced business with a cash of Rs. 40,000

“ 3 - Cash purchases Rs. 20,000

“ 5 - Paid salaries Rs. 10,000

“ 13 - Sold goods to Ravi Rs. 35,000

“ 15 - Sold Furniture Rs. 25,000

“ 20 - Commission Received Rs. 1,000

“ 22 - Discount allowed Rs. 2,000

“ 28 - Bought goods from Venkat Rs. 50,000

“ 29 - Sold goods for cash Rs. 15,000

7. Journalise the following in the books of Praveen:

2002 Dec. 1: commenced business with Cash Rs.2,000, Goods Rs. 15,000 Furniture Rs.
5,000

2. Sold goods to Kiran Rs.5,000

5. Purchased Furniture Rs. 3,200

7. Paid Wages Rs. 1,200

9. Sold machinery for cash Rs. 8,000

12. Received interest Rs. 500

14. Received Rs. 1,500

AGBS , HYD

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