Journal& Ledger 2.

59

Journalize the follow transaction of Mr.Ram.

11
11.
2003 Rs.
March 1 Ram commenced businss with cash 1,60,000
2 Opened current account with Indian bank 40,000
3 Bought goods from Santhanam 20,000
4 Sales to Radha 16,000
5 Sold to Jagan 80,000
6 Swamy sold goods to us 10,000
7 Kannan bought goods from us 6,000
8 Typewriter purchased 12,000
9 Paid salaries 5,000
25 Withdrew cheque for personal use 3,000

(University of Madras, B.Com., November 2012)

I1. Journal Entries in the books of Mr. Ram

Debit Credit
Date Particulars
Rs. Rs.
2003
March 1 Cash A/c Dr. |1,60,000
To Ram's capital A/c 1,60,000
(Ram commenced business)
2| Indian Bank A/c Dr.
40,000
To Cash AVc 40,000
(Opened an account in Indian
bank)
3| Purchases A/c Dr. 20,000
To Santhanam A/c 20,000
(Boughtg00ds on credit)_ Dr.
4| Radha AVc 16,000
To Sales Alc 16,000
(Sold goods to Radha)
 5 Jagan A/C Dr. 80,000
To Sales Alc 80,000
(Sold goods to Jagan)
6 Purchase Alc Dr. 10,000
To Swamy Alc 000
Goods purchased from Swamy)|
7 Kannan A/c Dr. 6.000
To Sales A/C 6,000
(Soldgoods to Kannan)
8Typewriter A/c Dr. 12,000
To Cash Alc 12,000
(Purchasedtypewriter for cash) |
9| Salaries A/C Dr. 5,000
To Cash ANc 5,000
(Salary paid)_
25 Drawings A/c Dr. 3,000
To Bank A/c 3,000
(Withdraw for personal use)
 Journalize the following transactions.
12.
2005

June 1 Karthik commenced business with Rs.20,000

2 Paid into bank Rs.5,000
3 Purchased plant from Modi & Co Rs.10,000
4 Purchased goods from Anwar Rs.5,000
6 Goods sold to Anbu Rs.4,000
8 Sold goods for cash Rs.2,000
10 Goods returned by Anbu Rs.50
15 Paid rent Rs.250
18 Withdrawn from bank for office use Rs.2,500
20 Paid salaries Rs.1,800
25 Withdrawn for personal use Rs.250
26 Goods returned to Anwar Rs.100
Paid for office furniture by cheque
27 Rs.15000
28 Received cash from Anbuu Rs.3,900
and discount allowed Rs.50
29 Paid Anwar on account Rs.4,800
and discount allowed by him Rs.100
(University of Madras, B.Com., April 2011)
12. Journal Entries
L.F Debit Credit
Date Particulars L.F Rs. RS.
1.6.2005 Cash Alc Dr. 20,000
To Karthick's capital Alc 20,000
(Karthick commenced business)
2.6.2005 Bank A/c Dr. 5,000
To Cash Alc 5,000
(Paid into bank)
3.6.2005 Plant A/c Dr.
10,000
To Modi & Co. Alc 10,000
(Purchased plant from Modi &
Co.)
4.6.2005 Purchase A/c Dr. 5,000
To Anwar Alc 5,000
|(Purchased goods from Anwar)
6.6.2005 Anbu A/c Dr. 4,000
To Sales Alc
4,000
(Sold goods to Anbu)
 8.6.2005 Cash A/c Dr. 2,000
To Sales A/c 2,000
(Goods sold for cash)_
Sales return A/c Dr.
10.6.2005
To Anbu ANc

(Goods returned by Anbu)

15.6.2005 Rent A/c r. 250
To Cash Alc 250
|(Paid rent)
|18.6.2005 Cash A/c Dr. 2,500
To Bank A/c 2,500
(Withdrawn from bank for

ofice use)
20.6.2005 Salaries Aic Dr.
1,800
To Cash A/c 1,800
(Paidsalaries)_
|25.6.2005 Drawings Alc r. 250
To Cash AC 250
(Withdrawn for personal use)
26.6.2005 Anwar A/c Dr. 100
To Purchase return Alc 100
(Goods returned to Anwar)
27.6.2005| Furniture A/c r. 1,500|
To Bank A/c 1,500
(Being office furniture paid by
cheque)
28.6.2005 Cash A/c Dr. 3,900
Discount allowed A/c Dr. 50
To
Anbu Alc 3,950
cash received and discount
(Being
allowed in full settlement)
29.6.2005| Anwar A/c Dr. 4,900
To Cash Ac 4,800
To Discount allowed ANc 100
|(Being amount paid and discount
allowedin full settlement)_
 transaction.
Journalize the following
13
a) Purchased goods for cash Rs.10,000
Purchased stationery for cash Rs. 500
b)
c)Purchased furniture for cash Rs.3,000
d) Sold goods for cash Rs.8,000
Sold goods to Jane for cash Rs.3,000
e)
to James Rs.2,000
Sold Sold goods
Rs.800
Paid rent to Krishnan, the landlord
g) Rs.800
h) Paid salary
Rs.3,000
i) Paid Lokesh, the Manager his salary of
Rs.300
Paid freight on goods purchased
Rs.500
k) Paid wages
Rs.400
Paid freight on machine purchased
1) Rs.1,000
Paid wages to erect a machine
m) Rs.800
n) Received from Kamal
Rs.600
o) Received from Kamal as interest
Rs.7,000
Received from Kamal as loan at 6% interest Rs.7,0000
p) 2010)
(University of Madras, B.Com., November
on
13. Journal BEntries

Debit Credit
Date Particulars L.F Rs. Rs.
Purchase Alc Dr.
10,000
To Cash A/Vc 10,000
(Goodspurchased for cash)
Stationery Alc Dr. 500
To Cash A/C 500
(Stationery purchased)_
Furniture Alc Dr. 3,000
To Cash A/c 3,000
(Purchased furniture for cash)
Cash A/c Dr. 8,000
To Sales A/c 8,000
(Goodssold for cash)
Cash A/c Dr. 3,000
To Sales ANc 3,000
(CGoods sold to Jane for cash) _ Dr.
|James A/C 2,000
To Cash A/c 2,000
(Sold goods to James on credit)
Rent Alc Dr. 800
To Cash Ae 800
(Rent paid to landlord)
|Salary A/c Dr. 800
To Cash A/c 800
(Salarypaid in cash)
Salary A/c Dr. 3,000
To Cash A/c 3,000
(Salary paid to Lokesh)
Freight Alc Dr. 300
To Cash A/c 300
(Paid Freight)
Wages A/c Dr. 500
To Cash A/c 500
(Paid wages)
Machinery Alc r. 400
To Cash Alc 400
(Paid freight charges on machine
purchased)
Machinery A/c Dr. 1,000
To Cash A/c 1,000
(Paid wages on erection of
machinery)
Cash Alc Dr. 800
To Kamal Alc 800
(Cash received from Kamal)
Cash A/c Dr. 600
To Interest Alc 600
(nterest received)
Cash A/c Dr.
7,000
To Kamal Alc

(Cashreceived from Kamal)

i n sh
7.000
Ca
 (University of Madr )
started businee.S on
their busine
Krishna Kumar &
Co.,
14. Messrs.
2005 with Rs.50,000 as their capital. Following
Following
were
April
the transactions for the month.
Rs.
2005
20,000
April 1 Paid into bank
Modern
2 Purchased furniture from
Furniture Ltd., on Credit
3,000
6 Sold goods on credit to Sivakumar 3,500
8 Paid Modern Furniture Ltd. Cash
to 2,000
8 Purchased good from Mohan 8,800
15 Paid wages in cash 200
16 Issued cheques to Mohan 7,000
20 Received from Sivakumar 1,500
21 Paid into bank 1,500
23 Cash sales 3,500
25 Cash purchases
1,800
27 Goods withdrawn for
personal use 500
 Journal& Ledger 2.61

use 750
withdrawn for personal
28 Cash 100
29 Paid for stationeryy

by cheque
1,000
30 Paid salaries
Pass Journal entries.
B.Com, April 2012)
(University of Madras,
14. Journal Entries in the books of Mrs. Krishna Kumar & Co.

Date Particulars
|L Debit
Rs.| Credit
Rs.
1.4.2005 Cash Ale Dr. 50,000
To Capital A/c 50,000
(Cash brought in as capital)
1.4.2005 Bank Alc Dr. 20,000
To Cash A/c 20,000
|(Paid into bank)
2.4.2005 Purchase A/c Dr. 3,000
To Modern Furnitures Ltd., 3,000
Modern
(Purchased furniture from
FurnitureLtd., oncredit)
6.4.2005 Sivakumar Alc Dr. 3,500
To Sales A/c 3,500
(Sold goods to Sivakumar on
credit)
8.4.2005 Modern Furnitures Ltd., A/c Dr. 2,000
To Cash Alc 2.000
(Paidto Modern Furniture Ltd)
8.4.2005 Purchase A/Jc Dr. 8,800
To Mohan Alc 8,800
(Goods purchased from Mohan)
15.4.2005 Wages A/c Dr. 2,000
To Cash A/C 2,000
|(Cash paid to wages)
|16.4.2005 Mohan A/c Dr. 7.000
To Bank A/Vc 7,000
Cheques issued to Mohan)_
20.4.2005 Cash A/c Dr. 1.500
To Sivakumar A/c 1,500
(Received from Sivakumar)
|21.4.2005 Bank A/c Dr. 1.500
To Cash A/c 1,500
(Paid into bank)
23.4.2005 Cash Alc Dr. 3,500|
To Sales Alc 3,500|
Cash sales)
25.4.2005 Purchases Alc r.
1,800
To Cash A/c 1,800
Cash purchases) Dr.
27.4.2005 Drawings Alc 500
To Purchases A/c 500
(Goods withdrawn for personal
Uuse)
28.4.2005 Drawings A/e r. 750|
To Cash A/c 750
(Cash withdrawn for personal
use)_
29.4.2005 Stationery Ac Dr 100
To Cash Alc O0
(Paid stationery)
30.4.2005 Salaries A/c Dr. 1,000
To Bank A/c 1,000
(Paidsalaries by cheque)