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Analysis of Transactions – Journalising – Numerical Questions
11. Journalize the following transactions in the books of Himanshu:
2017
₹
Dec.01
Business started with cash
75,000
Dec.01
Business started with cash
75,000
Dec.07
Purchased goods for cash
10,000
Dec.09
Sold goods to Swati
5,000
Dec.12
Purchased furniture
3,000
Dec.18
Cash receieved from Swati In full setlement
4,000
Dec.25
Paid rent
1,000
Dec.30
Paid salary
1,500
Books of Himanshu Journal
Date
Particulars
L.F
Debit
Amount
₹
Amount
₹
Credit
Amount
₹
Amount
₹
2017
Dec.01
Cash A/c
Dr.
75,000
To Capital A/c
75,000
(Being Business started with cash)
Dec.07
Purchase A/c
Dr.
10,000
To Cash A/c
10,000
(Being goods Purchased goods for cash)
Dec.09
Swati A/c
Dr.
5,000
To Sales A/c
5,000
(Being Goods sold to Swati)
Dec.12
Furniture A/c
Dr.
3,000
To Cash A/c
3,000
(Being furniture purchased)
Dec.18
Cash A/c
Dr.
4,000
Discount Allowed A/c
Dr.
1,000
To Swati A/c
5,000
(Being cash received from Swati in full settlement)
Dec.25
Rent A/c
Dr.
1,000
To Cash A/c
1,000
(Being rent paid)
Dec.30
Salary A/c
Dr.
1,500
To Cash A/c
1,500
(Being salary paid)
Total c/f
1,00,500
1,00,500
12. Enter the following transactions in the journal of Mudit:
2017
₹
Jan.01
Commenced business with cash
1,75,000
Jan.01
Building
1,00,000
Jan.02
Goods purchased for cash
75,000
Jan.03
Sold goods to Ramesh
30,000
Jan.04
Paid wages
500
Jan.06
Sold goods for cash
10,000
Jan.10
Paid for trade expenses
700
Jan.12
Cash received from Ramesh
29,500
Discount allowed
500
Jan.14
Goods purchased from Sudhir
27,000
Jan.18
Cartage paid
1,000
Jan.20
Drew cash for personal use
5,000
Jan.22
Goods use for house hold
2,000
Jan.25
Cash paid to Sudhir
26,700
Discount received
300
Books of Mudit Journal
Date
Particulars
L.F
Debit
Amount
₹
Amount
₹
Credit
Amount
₹
Amount
₹
2017
Jan.01
Cash A/c
Dr.
1,75,000
Building A/c
Dr.
1,00,000
To Capital A/c
2,75,000
(Being Business started with cash and building)
Jan.02
Purchases A/c
Dr.
75,000
To Cash A/c
75,000
(Being goods purchased for cash)
Jan.03
Ramesh A/c
Dr.
30,000
To Sales A/c
30,000
(Being goods sold to Ramesh)
Jan.04
Wages A/c
Dr.
500
To Cash A/c
500
(Being wages paid)
Jan.06
Cash A/c
Dr.
10,000
To Sales A/c
10,000
(Being goods sold for cash)
Jan.10
Trade Expenses A/c
Dr.
700
To Cash A/c
700
(Being trade expenses paid)
Jan.12
Cash A/c
Dr.
29,500
Discount Allowed A/c
Dr.
500
To Ramesh A/c
30,000
(Being cash received from Ramesh in full settlement)
Jan.14
Purchases A/c
Dr.
27,000
To Sudhir A/c
27,000
(Being goods purchased from Sudhir on credit)
Jan.18
Cartage A/c
Dr.
1,000
To Cash A/c
1,000
(Being cartage paid)
Jan.20
Drawings A/c
Dr.
5,000
To Cash A/c
5,000
(Being cash withdrawn for self)
Jan.22
Drawings A/c
Dr.
2,000
To Purchases A/c
2,000
(Being goods withdrawn for household use)
Jan.25
Sudhir A/c
Dr.
27,000
To Cash A/c
26,700
To Discount Received A/c
300
(Being cash paid to Sudhir and received discount)
Total c/f
4,83,200
4,83,200
13. Journalize the following transactions:
2017
₹
Dec.01
Hema started business with cash
1,00,000
Dec.02
Open a bank account with SBI
30,000
Dec.04
Purchased goods from Ashu
20,000
Dec.06
Sold goods to Rahul for cash
15,000
Dec.10
Bought goods from Tara for cash
40,000
Dec.13
Sold goods to Suman
20,000
Dec.16
Received cheque from Suman
19,500
Discount allowed
500
Dec.20
Cheque given to Ashu on account
10,000
Dec.22
Rent paid by cheque
2,000
Dec.23
Deposited into bank
16,000
Dec.25
Machine purchased from Parigya
10,000
Dec.26
Trade expenses
2,000
Dec.28
Cheque issued to Parigya
10,000
Dec.29
Paid telephone expenses by cheque
1,200
Dec.31
Paid salary
4,500
Journal
Date
Particulars
L.F
Debit
Amount
₹
Amount
₹
Credit
Amount
₹
Amount
₹
2017
Dec.01
Cash A/c
Dr.
1,00,000
To Capital A/c
1,00,000
(Being business started with cash)
Dec.02
Bank A/c
Dr.
30,000
To Cash A/c
30,000
(Being bank account opened with SBI)
Dec.04
Purchases A/c
Dr.
20,000
To Ashu A/c
20,000
(Being goods purchased from Ashu)
Dec.06
Cash A/c
Dr.
15,000
To Sales A/c
15,000
(Being goods sold to Rahul for cash)
Dec.10
Purchases A/c
Dr.
40,000
To Cash A/c
40,000
(Being goods bought from Tara for cash)
Dec.13
Suman A/c
Dr.
20,000
To Sales A/c
20,000
(Being goods sold to Suman)
Dec.16
Bank A/c
Dr.
19,500
Discount Allowed A/c
Dr.
500
To Suman A/c
20,000
(Being cheque received from Suman and discount allowed)
Dec.20
Ashu A/c
Dr.
10,000
To Bank A/c
10,000
(Being cheque given to Ashu on account)
Dec.22
Rent A/c
Dr.
2,000
To Cash A/c
2,000
(Being rent paid by cheque)
Dec.23
Bank A/c
Dr.
16,000
To Cash A/c
16,000
(Being cash deposited into bank)
Dec.25
Machine A/c
Dr.
10,000
To Parigya A/c
10,000
(Being machine purchased from Parigya)
Dec.26
Trade Expenses A/c
Dr.
2,000
To Cash A/c
2,000
(Being trade expense paid in cash)
Dec.28
Parigya A/c
Dr.
10,000
To Bank A/c
10,000
(Being cheque issued to Parigya)
Dec.29
Telephone Expenses A/c
Dr.
1,200
To Bank A/c
1,200
(Being telephone expenses paid by cheque)
Dec.31
Salary A/c
Dr.
4,500
To Cash A/c
4,500
(Being salary paid in cash)
Total c/f
3,00,700
3,00,700
14. Journalize the following transactions in the books of Harpreet Bros.:
(a)
₹ 1,000 due from Rohit are now bad debts
(b)
Goods worth ₹ 2,000 were used by the proprietor.
(c)
Charge depreciation @ 10% p.a for two months on machine costing ₹ 30,000
(d)
Provide commission on capital of ₹ 1,50,000 at 6% p.a for 9 months
(e)
Rahul who owed ₹ 2,000 became insolvent. A final dividend of ₹ 60 paise in a rupee is received from his estate.
Journal
Date
Particulars
L.F
Debit
Amount
₹
Amount
₹
Credit
Amount
₹
Amount
₹
(a)
Bad Debts A/c
Dr.
1,000
To Rohit A/c
1,000
(Amount due from Rohit is now bad debt.)
(b)
Drawings A/c
Dr.
2,000
To Purchases A/c
2,000
(Goods drawn by the proprietor)
(c)
Depreciation A/c
Dr.
500
To Machine A/c
500
(Charge depreciation @ 10% p.a for two months on machine costing ₹ 30,000)
(d)
Commission A/c
Dr.
6,750
To Capital A/c
6,750
(commission on capital of ₹ 1,50,000 at 6% p.a for 9 months)
(e)
Cash A/c
Dr.
1,200
Bad Debts A/c
Dr.
800
To Rahul A/c
2,000
(Rahul who owed ₹ 2,000 became insolvent. A final dividend of 60paise is received from his estate.)
Total c/f
12,250
12,250
15. Prepare Journal from the transactions given below:
(a)
Cash paid for installation of machine
₹ 500
(b)
Goods given as charity
₹ 2,000
(c)
Interest charge on capital @7% p.a. when total capital was
₹ 70,000
(d)
Received ₹ 1,200 of a bad debts written-off last year.
(e)
Goods destroyed by fire
₹ 2,000
(f)
Rent outstanding
₹ 1,000
(g)
Interest on drawings
₹ 900
(h)
Sudhir Kumar who owed me ₹ 3,000 has failed to pay the amount. He pays me a compensation of ₹ 45 paise in a rupee.
(i)
Commission received in advance
₹ 7,000
Journal
Date
Particulars
L.F
Debit
Amount
₹
Amount
₹
Credit
Amount
₹
Amount
₹
(a)
Machine A/c
Dr.
500
To Cash A/c
500
(Cash paid for installation of machine ₹ 500)
(b)
Charity A/c
Dr.
2,000
To Purchases A/c
2,000
(Goods given as charity ₹ 2,000)
(c)
Interest on Capital A/c
Dr.
4,900
To Capital A/c
4,900
(Interest received on capital @7% p.a. when total capital was ₹ 70,000)
(d)
Cash A/c
Dr.
1,200
To Bad Debts Recovered A/c
1,200
(Received ₹ 1,200 of a bad debts written-off last year)
(e)
Loss of Goods A/c
Dr.
2,000
To Purchases A/c
2,000
(Goods destroyed by fire ₹ 2,000)
(f)
Rent A/c
Dr.
1,000
To Rent Outstanding A/c
1,000
(Rent outstanding ₹ 1,000)
(g)
Drawings A/c
Dr.
900
To Interest on Drawings A/c
900
(Interest on drawings ₹ 900)
(h)
Cash A/c
Dr.
1,350
Bad Debts A/c
Dr.
1,650
To Sudhir Kumar A/c
3,000
(Sudhir Kumar who owed me ₹ 3,000 has failed to pay the amount. He pays me a compensation of ₹ 45 paise in a rupee)
(i)
Cash A/c
Dr.
7,000
To Commission in Advance A/c
7,000
(Commission received in advance ₹ 7,000)
Total c/f
22,500
22,500
