Scribd
Upload
48 views28 pages

Practice Journal Entry

Uploaded by

Harshit Dahayat
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
48 views28 pages

Practice Journal Entry

Uploaded by

Harshit Dahayat
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
You are on page 1/ 28

Journal in the books of ABC LTD.

for the

Date Sr. no
01/Jun 1

02/Jun 2

03/Jun

04/Jun

05/Jun

06/Jun
07/Jun

08/Jun

09/Jun

10/Jun
Journal in the books of ABC LTD. for the period from 1st june to 30 june

PARTICULARS L/F Amount (Dr) Amount (CR)


Cash A/c dr 1 2,00,000
To capital A/C 2,00,000
(Being business started)

Furniture A/c dr 2 20,000


To cash A/c 20,000
(Being furniture purchased)

Rent paid A/c dr 3 5000


To cash A/c 5000
(Being rent paid)

Bank A/c dr 150,000


To cash A/c 1,50,000
(bein cash paid in the bank)

Goods A/c dr 10,000


Cash A/c 10,000
(Being goods purchesd in cash)

Goods A/c dr 10,000


To Ram das A/c 10,000
(being goods purchased on credit from Ramdas )

cash A/c dr 12000


To goods A/c 12000
(being goods sold forcash )

Machinery A/c dr 25000


Bank A/c 25000
(being machinery purchased through cheque)

Mr. Natekar A/c dr 8000


To goods A/c 8000
(being goods sold on credit )

wages A/c dr 5000


To cash A/c 5000
(being wages paid in cash )
une

june month
1. Commenced business with a capital of 200000
2.Bought furniture for cash 20,000
3.Paid rent to the shop owner Mr. Murugan 5000
4.paid cash into bank 150000
5.bought goods for cash 10000 from M/S shamir jain and Co.
6. Bought goods on credit from M/S ramdas for 10000
7. sold goods for cash 12000 to mr. narayan tiwari
8. bought machinery from M/S boolani and paid by cheque 250
9.sold goods on credit to Mr. Natekar for 8000
10.paid weekly wages to workers 5000
200000

gan 5000

S shamir jain and Co.


das for 10000
yan tiwari
nd paid by cheque 25000
CASH LEDGER ACCOUNTS (CAS
DR
DATE PARTICULARS J/F
01/Jun capital A/c 1
07/Jun goods a/c

Balance c/f

DR CAPITAL A/C
DATE PARTICULARS J/F
Balance b/d
DR BANK A/C
DATE PARTICULARS J/F
04/Jun Cash A/c

Balance c/f
ACCOUNTS (CASH A/C)
CR
Amount DATE PARTICULARS J/F Amount
2,00,000 02/Jun To Furniture A/c 20,000
12,000 03/Jun To Rent paid A/c 5000
04/Jun To bank A/c 1,50,000
05/Jun goods a/c 10,000
10/Jun to wages a/c 5000
Balance b/d 22,000
2,12,000 2,12,000
22,000

CAPITAL A/C CR
Amount DATE PARTICULARS J/F Amount
2,00,000 To Cash A/c 2,00,000
2,00,000 2,00,000
Balance c/f 2,00,000

BANK A/C CR
Amount DATE PARTICULARS J/F Amount
1,50,000 08/Jun To Machinery A/c 25000
Balance b/d 1,25,000

1,50,000 1,50,000
1,25,000
cr 190000
dr 212000
Illustration 13
Deri is a sole trader dealing in automobiles. From the following transactions, pass journal entries for the month of January, 20

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

6 Sold goods to C and Co. and cheque received 50,000

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


entries for the month of January, 2018.
Deri is a sole trader dealing in automobiles. From the following transactions, pass journal entries for the month of January, 20

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

6 Sold goods to C and Co. and cheque received 50,000

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


entries for the month of January, 2018.

You might also like