Scribd
Upload
25 views2 pages

Journal Sheet 3

Uploaded by

Apurva Saini
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
25 views2 pages

Journal Sheet 3

Uploaded by

Apurva Saini
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 2

JOURAAL– SHEET 3

1. Jounalise the following:-


(1) Charge depreciation @ 10% p.a. for two months on machine costing ` 3,00,000
(2) Provide interest on capital of ` 15,00,000 at 6% p.a. for two months .
(3) Goods costing ` 80,000 sold to Mohan for ` 1,00,000 .
_ _ __ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ __ _ _ _ _ __ _ _ _ _
(4) Sold goods to Brijesh of the list price of ` 10,000 at trade discount of 5% . Received full payment in cash .
(5) Goods given away as charity ` 1,000 .
(6) Charge interest on capital of ` 5,00,000 @ 7% p.a.
(7) Outstanding wages ` 3,000 .
(8) ` 5,000 due from Sunny are now bad debts .
(9) 50,000 cash sales (of goods costing ` 40,00)
_ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ __ _ _ _ _ __ _ _ _ _ _ _ __ _

m
(10)Cash paid for installation of machinery ` 5,000
(11)Goods given away as charity ` 20,000
(12)Interest charged on capital @ 7% p.a. when total capital was ` 7,00,000
(13)Received ` 12,000 of a bad debt written off last year .
(14)Goods destroyed by fire
(15)Rent outstanding
(16)Interest on drawings
Ra ` 20,000
` 10,000
` 9,000
(17)Sudhir Kumar who owed me ` 30,000 has failed to pay the amount . He pays me a compensation of 45
paise in a rupee .
__ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _
Sai
(18)Proprietor withdrew for private use ` 10,000 from bank .
(19)Goods costing ` 50,000 were burnt by fire .
(20)Purchased machinery for cash ` 1,50,000 and paid ` 2,000 on its installation .
(21)Charge 5% depreciation on building costing ` 2,00,000 and 8% depreciation On furniture costing 5,000 .
(22)Prepaid salary ` 2,000 .
(23)Kapi who owed us ` 20,000 becomes insolvent and nothing is received from his Estate .
_ __ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ __ _ _ _ _ _ _ _ __ _ _ _ _ _ _ __ _ _
Om

(24)Purchased an iron safe for business for ` 10,000 .


(25)Purchased filing cabinet for office use ` 4,000 and paid ` 20 as cartage on it .
(26)Purchased a portable typewriter from Radha Krishan & Co. for ` 8,000 .
(27) Purchased an electric fan for ` 2,000 .
(28)Purchased a ‘Horse’ for business for ` 15,000 .
(29)Purchased post cards for ` 25 ; Envelops for ` 50 & stamps for `100 .
(30)Purchased office stationery for ` 400 .
(31)Gave as charity – Cash ` 200 and goods ` 400 .
(32)The horse died , its carcass was sold for ` 1,000 .
(33)Sold household furniture for ` 10,000 and paid the money into business .
(34)Paid landlord ` 12,000 for rent . One third of the building is occupied by the Proprietor for residential use .
______ _ __ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _
(35)Out of insurance premium paid this year , ` 1,500 is related to next year .
(36)Credit purchases from Ram & Co. for ` 5,000 . Cash discount will be received at 5% on payment of bill
within 10 days.
(37)Cash paid to Ram & Co. and discount availed of .
(38)Paid income tax ` 2,000 .
(39)Goods costing ` 20,000 sold for cash at a profit of 10% .
(40)Purchased iron safe for ` 20,000 , filing cabinet for ` 5,000 and typewriter for ` 10,000 .
(41)Sold goods to Arun for ` 2,00,000 . Arun pays one-fourth amount in cash .
(42)A cheque of ` 1,48000 is received from Arun in full settlement and the cheque Immediately deposited into
bank .
(43)Received ` 38,000 from Krishan Swaroop in full settlement of his account For ` 40,000 .
(44)Received ` 38,000 from Dushyant on his account for ` 40,000 .
(45)Biroo who owed us ` 15,000 is declared Insolvent and 65 paise in a rupee is received as final dividend from
his estate .
(46)Sold goods to Kitty list price ` 20,000 , trade discount 10% and cash discount 5% . He paid the amount on
the same day and availed the cash discount .
(47)Supplied goods costing ` 6,000 to Shakuntla , issued invoice at 10% above cost less 5% trade discount.

m
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ __ _ _ _ _ _ _ _ _
(48)Purchased machinery for ` 20,000 ad paid ` 200 for its carriage .
(49)Received a cheque of 4,850 from X in full settlement of his account of ` 5,000 . Cheque was immediately
deposited into bank .
(50)Received a first and final payment of 60 paise in a ` from Y who owed us ` 10,000 .

Ra
(51)Sold goods to Z for ` 10,000 at a trade discount of 20% . Next day a cheque received from him after
deducting 5% cash discount . Cheque was immediately deposited into bank .
(52)Goods costing ` 20,000 sold to Manoj at a profit of 20% on cost less 10% trade Discount .
(53)Goods worth ` 1,00,000 were destroyed by fire Insurance Co. admitted and paid claim for 60% amount .

2.
Sai
JOURNALISE THE FOLLOWING:-
Apr. 2 Bought goods from Kailash for Rs 20,000 at a trade discount of 10% and cash discount of 2% . Paid
60% amount immediately .
Apr. 3 Bought goods of the list price of Rs 6,000 from Khanna Brothers less 15% trade discount and 2%
cash discount and paid 40% price at the same time .
Apr.5 An old computer (book value of Rs. 15,000) is exchanged for a new computer of Rs. 70,000 from
KBC Computers . The old computer is valued at Rs. 10,000 for exchange purposes by KBS Computers.
Apr.7 An old machine (book value of Rs. 30,000) is exchanged for a new machine of Rs. 1,40,000 from
Om

Aditya Ltd. The old machine is valued at Rs. 20,000 for exchange purposes by Aditya Ltd.

You might also like