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Journalise The Following Transactions in The Book of Suresh

Suresh commenced business with Rs. 10,000 cash. Various business transactions occurred throughout the month including purchasing and selling goods, receiving and paying amounts to customers and suppliers, purchasing assets, and paying expenses. Debits and credits were recorded for each transaction in the appropriate ledger accounts.

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783 views5 pages

Journalise The Following Transactions in The Book of Suresh

Suresh commenced business with Rs. 10,000 cash. Various business transactions occurred throughout the month including purchasing and selling goods, receiving and paying amounts to customers and suppliers, purchasing assets, and paying expenses. Debits and credits were recorded for each transaction in the appropriate ledger accounts.

Uploaded by

ptreddyvani
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
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 Journalise the following transactions in the book of suresh.

May 1 Suresh commenced business with cash 10000/-


“ 2 Paid into bank 5000/-
“ 4 Purchase goods from krishna 4000/-
“ 6 Sold goods to raman 2000/-
“ 8 Returned goods to krishna 100/-
“ 9 Raman returned goods 50/-
“ 10 Bought Covers, Cards, Stamps 20/-
“ 13 Received from Raman on account 1500/-
“ 14 Paid krishna on account 3000/-
“ 15 Cash sales 300/-
“ 16 Cash purchases 700/-
“ 18 purchase stationary 30/-
“ 19 Purchase Machinary from hindustan tools ltd 3000/-
“ 20 Advance Govindh as loan 1000/-
“ 21 Paid for repairing machines 100/-
“ 22 Received cheque from Ravan on account 300/-
“ 25 Drew for office use 1000/-
“ 26 Bought office Furniture 2000/-
“ 27 Received loan from Raj 200/-
“ 29 Paid cash to krishna 900/-
“ 31 Paid advertisement 50/-a
“ “ Rent 100/-

“ “ Electricity 20/- Ans:


DATE PARTICULARS L.F. Dr. T. Rs. Cr. T. Rs.
May 1 Cash account Dr. 10000
To Capital account 10000
(Being commenced business start with
cash)
2 Bank account Dr. 5000
To Cash account 5000
(Being cash paid into Bank)
4 Purchase account Dr. 4000
To Krishna account 4000
(Being purchase goods from Krishna)
6 Raman account Dr. 2000
To Sales account 2000
(Being sold goods to Raman)
8 Krishna account Dr. 100
To Purchase returned account 100
(Being returned from Raman)
9 Sales returned account Dr. 50
To Raman account 50
(Being returned from Raman)
10 Stationary account Dr. 20
To Cash account 20
(Being bought covers, cards, stamps)
13 Cash account Dr. 1500
To Raman account 1500
(Being received cash from Raman a/c)
14 Krishna account Dr. 3000
To Cash account 3000
(Being cash paid to krishna)
15 Cash account Dr. 300
To Sales account 300
(Being cash sales)
16 Purchase account Dr. 700
To Cash account 700
(Being cash purchases)
18 Stationary account Dr. 30
To Cash account 30
(Being purchase Stationary)
19 Machinary account Dr. 3000
To Hindustan tools ltd. Account 3000
(Being purchase Machinary from
Hindustan tools ltd.)
20 Govind loan account Dr. 1000
To Cash account 1000
(Being advance loan as Govind)
21 Machinary repaire account Dr. 100
To Cash account 100
(Being paid repaires to Machinary)
22 Bank account Dr. 300
To Raman account 300
(Being received cheque from raman)
25 Cash account Dr. 1000
To Bank account 1000
(Being cheque drawn from bank for
office use)
26 Office furniture account Dr. 2000
To Cash account 2000
(Being purchase Office furniture)
27 Cash account Dr. 200
To Raj account 200
(Being cash received from Raj)
29 Krishna account Dr. 900
To Cash account 900
(Being cash paid to Krishna)
31 Advertisements account Dr. 50
Rent account Dr. 100
Electricity account Dr. 20
To Cash account 170
(Being paid expences)

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