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Journal Entries Intermediate

The document lists a series of financial transactions with corresponding journal entries, detailing debits and credits for various accounts. It includes transactions such as purchases, sales, payments, and receipts, along with their respective amounts. Each entry is numbered and categorized to provide a clear record of financial activities.

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Vinay HE
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15 views

Journal Entries Intermediate

The document lists a series of financial transactions with corresponding journal entries, detailing debits and credits for various accounts. It includes transactions such as purchases, sales, payments, and receipts, along with their respective amounts. Each entry is numbered and categorized to provide a clear record of financial activities.

Uploaded by

Vinay HE
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLSX, PDF, TXT or read online on Scribd
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Transaction

Transaction
No. Description
Journal Entry (Q/A)
101 Purchased Dr. Land A/c ₹5,00,000 | Cr. Bank A/c ₹5,00,000
102 Sold old m Dr. Bank A/c ₹75,000 | Cr. Machinery A/c ₹75,000
103 Paid ₹20,00Dr. Renovation Expense A/c ₹20,000 | Cr. Cash A/c ₹20,000
104 Received ₹Dr. Bank A/c ₹50,000 | Cr. Debtors A/c ₹50,000
105 Paid ₹30,0 Dr. Creditors A/c ₹30,000 | Cr. Bank A/c ₹30,000
106 Invested ₹ Dr. Mutual Funds Investment A/c ₹1,00,000 | Cr. Bank A/c ₹1,00,000
107 Received ₹Dr. Bank A/c ₹8,000 | Cr. Dividend Income A/c ₹8,000
108 Purchased Dr. Software A/c ₹15,000 | Cr. Cash A/c ₹15,000
109 Transferre Dr. Drawings A/c ₹10,000 | Cr. Bank A/c ₹10,000
110 Issued 10%Dr. Bank A/c ₹2,00,000 | Cr. 10% Debentures A/c ₹2,00,000
111 Paid ₹10,0 Dr. Debenture Interest A/c ₹10,000 | Cr. Bank A/c ₹10,000
112 Repaid banDr. Loan Payable A/c ₹50,000 | Cr. Bank A/c ₹50,000
113 Received ₹1Dr. Bank A/c ₹12,000 | Cr. Rent Income A/c ₹12,000
114 Paid ₹7,500Dr. Travel Expense A/c ₹7,500 | Cr. Cash A/c ₹7,500
115 Accrued inDr. Accrued Interest A/c ₹5,000 | Cr. Interest Income A/c ₹5,000
116 Recorded dDr. Depreciation A/c ₹9,500 | Cr. Furniture A/c ₹9,500
117 Paid ₹6,000Dr. Legal Expense A/c ₹6,000 | Cr. Bank A/c ₹6,000
118 Received ₹2Dr. Bank A/c ₹20,000 | Cr. Security Deposit A/c ₹20,000
119 Adjusted oDr. Salary Expense A/c ₹15,000 | Cr. Salary Payable A/c ₹15,000
120 Sold goodsDr. Debtors A/c ₹54,000 | Cr. Sales A/c ₹54,000
121 Paid ₹3,000Dr. Penalty A/c ₹3,000 | Cr. Cash A/c ₹3,000
122 RecognizedDr. Goodwill A/c ₹2,00,000 | Cr. Business Acquisition A/c ₹2,00,000
123 Paid ₹25,0 Dr. Software Development A/c ₹25,000 | Cr. Cash A/c ₹25,000
124 Converted D₹r. Creditors A/c ₹50,000 | Cr. Equity Share Capital A/c ₹50,000
125 Wrote off Dr. Loss on Inventory A/c ₹18,000 | Cr. Inventory A/c ₹18,000
126 Settled an Dr. Dispute Settlement Expense A/c ₹10,000 | Cr. Cash A/c ₹10,000
127 Recorded ₹8Dr. Interest Expense A/c ₹8,500 | Cr. Interest Payable A/c ₹8,500
128 Paid ₹4,50 Dr. Vehicle Maintenance A/c ₹4,500 | Cr. Cash A/c ₹4,500
129 Repaid ₹15,Dr. Staff Loan A/c ₹15,000 | Cr. Bank A/c ₹15,000
130 Received ₹1Dr. Cash A/c ₹10,000 | Cr. Advance Received A/c ₹10,000
131 TransferredDr. Retained Earnings A/c ₹25,000 | Cr. General Reserve A/c ₹25,000
132 Declared aDr. Bonus Expense A/c ₹12,000 | Cr. Cash A/c ₹12,000
133 Paid ₹20,00Dr. Advance to Vendor A/c ₹20,000 | Cr. Cash A/c ₹20,000
134 RecognizedDr. Utility Expense A/c ₹9,000 | Cr. Accrued Expenses A/c ₹9,000
135 Recorded aDr. Loss on Asset Disposal A/c ₹7,500 | Cr. Asset A/c ₹7,500
136 Issued ₹5, Dr. Bank A/c ₹5,00,000 | Cr. Equity Share Capital A/c ₹5,00,000
137 Received ₹Dr. Bank A/c ₹2,50,000 | Cr. Government Grant A/c ₹2,50,000
138 Paid ₹1,20,Dr. Software Subscription A/c ₹1,20,000 | Cr. Cash A/c ₹1,20,000
139 Purchased Da r. Patent A/c ₹3,00,000 | Cr. Bank A/c ₹3,00,000
140 Issued pre Dr. Bank A/c ₹2,00,000 | Cr. Preference Share Capital A/c ₹2,00,000
141 Paid ₹45,00Dr. Advertising Expense A/c ₹45,000 | Cr. Bank A/c ₹45,000
142 Provided ₹Dr. Employee Loan A/c ₹30,000 | Cr. Cash A/c ₹30,000
143 RecognizedDr. Foreign Exchange Gain A/c ₹15,000 | Cr. Income A/c ₹15,000
144 Paid ₹18,0 Dr. Warehouse Maintenance A/c ₹18,000 | Cr. Cash A/c ₹18,000
145 Converted Dr. Loan Receivable A/c ₹25,000 | Cr. Debtors A/c ₹25,000
146 Revalued laDr. Land A/c ₹50,000 | Cr. Revaluation Reserve A/c ₹50,000
147 TransferredDr. General Reserve A/c ₹10,000 | Cr. Capital Reserve A/c ₹10,000
148 Received ₹Dr. Bank A/c ₹22,000 | Cr. Commission Income A/c ₹22,000
149 Recorded ₹Dr. Interest Expense A/c ₹12,000 | Cr. Interest Payable A/c ₹12,000
150 Recorded gDr. Amortization Expense A/c ₹6,500 | Cr. Goodwill A/c ₹6,500

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