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Tally Books
Pass Journal entries in the books of Raghunath from the following transactions:-
1994
June 1 Raghunath started business with cash Rs. 80,000, Goods Rs. 40,000 and
Furniture Rs. 20,000
June 2 Sold goods to Nandlal of the list price of Rs. 20,000 at trade discount of 10%
June 4 Nandlal returned goods of the list price of Rs. 4,000
June 8 Received from Nanlal Rs. 14,150 in full settlement in his account.
June 10 Purchased goods from Brij Mohan of the list price of Rs. 10,000 at 15% Trade
discount
June 13 Returned goods to Brij Mohan of the list price of Rs. 1,000
June 16 Settled the account of Brij Mohan by paying cash, under discount of 4%
June 18 Purchased goods from Anil Rs. 5,000; Sunil Rs. 10,000.
June 19 Paid cash to Anil Rs. 1,900 and discount received Rs. 100
June 20 Paid Rs. 9,800 to Sunil in full settlement of his account.
June 20 Bought a ‘Table Fan’ for Rs. 1,200 for the domestic use of Raghunath.
June 25 Sold goods for cash of the list price of Rs, 8,000 at 10% trade discount and 3%
cash discount.
June 30 Paid Rent Rs. 800; Trade Expense Rs. 700 and Travelling Expenses Rs. 380.
Note (1)
Total Amount 20,000
Less 10% Trade Discount 2,000
18,000
(1) Biroo who owed Rs. 1,500 is declared Insolvent and 65 paise in a rupee is received
as final dividend from his estate.
(2) Sold goods to Kitty list price Rs. 2,000, Traders Discount 10% and cash discount
5%. He paid the amount on the same day and availed Cash Discount.
(3) Supplied goods costing Rs. 600 to Shakuntla, issued invoice at 10% above cost less
5% trade discount.
Ans 3:
JOURNAL OF Dr. CHANDAN
Date Particulars L.F. Amount Amount
Dr. Cr.
S.No. Rs. Rs.
(1) Cash A/c. Dr. 975
Bad-debts A/c. Dr. 525
To Birooo 1,500
(For cash received and bad debts written off)
(2) Cash A/c. , Dr. 1,710
Discount A/c. Dr. 90
To Sales A/c 1,800
(For goods of the list price of Rs. 2,000 sold at 10%
trade discount and 5% cash discount)
(3) Shakunla A/c Dr. 627(1)
To Sales A/c. 627
(For goods sold to Shankuntla at 10% above cost and
allowed 5% trade discount )
627
4. Pass Journal Entries for the following :-
(1) Proprietor withdrew for his personal use cash Rs. 2,000 and goods worth Rs.
1,000.
(2) Goods for Rs. 5,000 were given away as Charity.
(3) Goods worth Rs. 2,500 were distributed as free samples.
(4) Goods worth Rs. 5,000 and cash Rs. 2,000 were stolen by an employee.
(5) Goods worth Rs. 10,000 were destroyed by fire.
Ans 4:
JOURNAL
Date Particulars L.F. Amount Amount
Dr. Cr.
S.No. Rs. Rs.
(1) Drawings A/c. Dr. 3,000
To. Cash A/c 2,000
To Purchases A/c 1,000
(For cash and goods taken away for personal use)
(2) Charity A/c. Dr. 5,000
To Purchases A/c 5,000
(For goods given as a charity)
(3) 2,500
Free Samples A/c Dr.
To Purchases A/c. 2,500
(For goods distributed as free samples. )
7,000
Loss on theft A/c. Dr.
To Purchases A/c 5,000
To Cash A/c 2,000
(For Goods and Cash stolen by an employee)
10,000
Loss by fire A/c. Dr.
To Purchases A/c 10,000
(For goods destroyed by fire)
Ans 5:
JOURNAL
Date Particulars L.F. Amount Amount
Dr. Cr.
S.No. Rs. Rs.
(1) Cash A/c. Dr. 5,400
To Sales A/c 5,000
To Sales Tax A/c 400
(For goods sold for cash and sales tax collected)
(2) Office Equipment A/c Dr. 10,000
To Cash A/c 10,000
(For Iron Safe purchased)
(3) Office Equipment A/c Dr. 4,020
To Cash A/c 4,020
(For filling cabinet purchased for Rs. 4,000 and cartage
paid on it Rs. 20)
(4) Office Equipment A/c Dr. 8,000
To Radha Krishan & Co A/c 8,000
(For portable typewriter purchased)
(5) 2,000 2,000
Fixtures A/c Dr.
To Cash A/c
(For electric fan purchased)
(6) Live Stock A/c Dr. 15,000
To Cash A/c 15,000
((For a horse purchased for business)
(7) 500
Vijay Dr.
To Cash A/c 500
(For expenses paid on behalf of Vijay)
(8) 175 175
Postage A/c Dr.
To Cash A/c
(For Post Cards, envelopes and stamps purchased)
(9) Stationery A/c Dr. 400
To Cash A/c 400
(For stationery purchased for office use)
(10) Charity A/c Dr. 1,100
To Cash A/c 200
To Purchases A/c 400
To Furniture A/c 500
(For cash, goods and furniture given as Charity)
(11) Cash A/c(1) Dr.
To Advance from Vishnu 2,000
(For amount received as advance) 2,000
(12) 6,000
X(2) Dr.
To Cash A/c 6,000
(For cash paid to Y on behalf of X)
Note (1) In Transaction no. 11 no entry will be passed for receiving an order of Rs. 10,000. as on
transaction has been taken place for it.
(2) In transaction no. 12, the account of X will be debited, as the payment has been made on his
behalf.