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  • Accounting transactions and journal entries

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    EKANSH DANGAYACH 20212619
    9 views4 pages
    The document shows accounting transactions for two businesses from January 2001 to July 2003. For the first business, it records starting capital with cash and furniture in January 2001, a purchase from Y in January 2002, two sales to customers S in January 2003 and January 2004, and a cash receipt with discount to S in January 2008. For the second business, it records starting capital with cash in July 2001, purchases of machinery, furniture and typewriter in July 2002, and expenses for electricity and rent paid in July 2002.

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    Original Title

    Journal Entries

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    The document shows accounting transactions for two businesses from January 2001 to July 2003. For the first business, it records starting capital with cash and furniture in January 2001, a purchase from Y in January 2002, two sales to customers S in January 2003 and January 2004, and a cash receipt with discount to S in January 2008. For the second business, it records starting capital with cash in July 2001, purchases of machinery, furniture and typewriter in July 2002, and expenses for electricity and rent paid in July 2002.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    9 views4 pages

    Accounting transactions and journal entries

    Uploaded by

    EKANSH DANGAYACH 20212619
    The document shows accounting transactions for two businesses from January 2001 to July 2003. For the first business, it records starting capital with cash and furniture in January 2001, a purchase from Y in January 2002, two sales to customers S in January 2003 and January 2004, and a cash receipt with discount to S in January 2008. For the second business, it records starting capital with cash in July 2001, purchases of machinery, furniture and typewriter in July 2002, and expenses for electricity and rent paid in July 2002.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    of 4

    S. NO.

    PARTICULARS L/F DR
    Cash A/C DR 80000
    Furniture A/C DR 20000
    Jan-01 to Capital A/C
    (Commenced Business with cash and
    furniture)
    Purchases A/C DR 30000
    Jan-02
    to Y
    (Purchased from Y)
    Cash A/C DR 16000
    Jan-03
    to sales A/C
    (sold
    S DR 10000
    Jan-04
    to sales A/C
    (sold goods to S)
    Cash A/C DR 9800
    Discount allowed A/C DR 200
    Jan-08 to S
    (Cash received and discount allowed to S )

    166000
    Problem - 2
    Cash A/C DR 70000
    1-Jul
    to Capital A/C
    (Commenced Business with cash )
    Bank A/C DR 20000
    2-Jul
    to cash A/C
    Machinary A/C DR 4000
    Furniture A/C DR 10000
    Typewriter A/C DR 5000
    3-Jul to Cash A/C
    (Machinary, furniture, typewriter purchased
    for cash)
    Cash A/C DR 8000
    4-Jul
    to Interest on investment A/C
    Electricity Expenses A/C DR 2000
    5-Jul
    to Bank A/C
    Office rent A/C DR 5000
    6-Jul
    to cash A/C
    124000
    CR

    100000

    300000

    160000

    100000

    10000

    166000

    70000

    20000

    19000

    8000
    2000

    5000

    124000

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