i) Jaya is a sole proprietor having a provisions store.

Following are the transactions during

Jan. Rs.

1 Commenced business with cash 80,000

2 Deposited cash with bank 40,000

3 Purchased goods by paying cash 5,000

4 Purchased goods from Lipton & Co. on credit 10,000

5 Sold goods to Joy and received cash 11,000

6 Paid salaries by cash 5,000

7 Paid Lipton & Co. by cheque for the purchases made on 4th Jan.

8 Bought furniture by cash 4,000

9 Paid electricity charges by cash 1,000

10 Bank paid insurance premium on furniture as per standing instructions 300

ii) Ananth is a trader dealing in textiles. For the following transactions, pass journal entries
for the month of January, 2023.

Jan. Rs.

1 Commenced business with cash 70,000

2 Purchased goods from X and Co. on credit 30,000

3 Cash deposited into bank 40,000

4 Bought a building from L and Co. on credit 95,000

5 Cash withdrawn from bank for office use 5,000

6 Cash withdrawn from bank for personal use of Ananthu 4,000

8 Shirts taken over by Ananth for personal use 12,000

9 Sarees distributed as free samples 3,000

10 Goods (table clothes) used for office use 200

iii) Bragathish is a trader dealing in electronic goods who commenced his business in 2020.
For the following transactions took place in the month of March 2023, pass journal
entries.

March Rs.

1. Purchased goods from Y and Co. on credit 60,000

2. Sold goods to D and Co. on credit 30,000

3. Paid Y and Co. through bank in full settlement 58,000

4. D and Co. accepted a bill drawn by Bragathish 30,000

5. Sold goods to L on credit 20,000

6. Sold goods to M on credit 40,000

7 Received a cheque from M in full settlement and deposited the same to the bank
39,000

8. Goods returned to Y and Co. 4,000

9. L became insolvent and only 90 paise per rupee is received by cash in final settlement

10. Goods returned by M 3,000

1 Commenced business with cash 90,000

with goods 60,000

2 Purchased 20 readymade shirts from X and Co. on credit 10,000

3 Cash deposited into bank through Cash Deposit Machine 30,000

4 Purchased 10 readymade sarees from Y and Co. by cash 6,000

5 Paid X and Co. through NEFT

6 Sold 5 sarees to A and Co. on credit 4,000

7 A and Co. deposited the amount due in Cash Deposit Machi

8 Purchased 20 sarees from Z & Co. and paid through debit card 12,000

9 Stationery purchased for and paid through net banking 6,000

10 Bank charges levied 200

v) Deri is a sole trader dealing in automobiles. From the following transactions, pass
journal entries for the month of January, 2023.

Jan. Rs.

1 Commenced business with cash 1,00,000

with goods 2,00,000

with buildings 5,00,000

2 Purchased goods from A and Co. on credit 3,00,000

3 Cash deposited into bank 80,000

4 Purchased goods from B and Co. and payment made through credit
card 5,000

5 Paid A and Co. through RTGS

7 Deposited the cheque received from C and Co. with the bank

8 Purchased goods from Z & Co. and paid through debit card 12,000

9 Stationery purchased for and paid through net banking 6,000

10 Income tax of Deri is paid by cheque 10,000

1) Goods purchased from harish 10,000

2) Goods sold to kailash on credit 2,000

3) Goods returned by kailash 500

4) Goods returned to harish 360

5) Goods purchased from ajay 4000

6) Paid to ajay in settlement of his account 3000

7) Cash paid to raj Rs 975 and discount received Rs 25

8) Received from mohan Rs 4800 in settlement of his account for Rs 5000

9) Rs 8000 due from Ramesh is not recoverable

10) Shyam who owed Rs 1500 became insolvent and 50 % is recoverable from him

11) Received Rs10,000 from sohan for bad debts written off last year

12) Goods destroyed by fire Rs 3500

14) Purchased a machinery Rs 42500

15) Paid freight and installation charges on machinery Rs5000

16) Paid repairing charges on existing machinery Rs1000

17) Interest due but not received Rs 10,000

18) Salaries due to staff Rs10,000

19) Out of rent paid this year Rs 5000 is for the next year

20) Provide 10% depreciation on furniture costing Rs 50,000

21) Allow interest on capital Rs5000

22) Charge interest on drawing Rs5000

23) Commision received in advance Rs 1000

24) Prepaid rent Rs10,000

25) Make provision of bad debts for Rs 300.