Q2.

Journal Entry In the Books of M/s Enthusiastic Enterprise Ltd.

Date Particulars Vou. L/ Amount Dr. Amount Cr.

No. F (₹) (₹)
14.9.20 Cash A/c Dr. 2,00,000
To, Capital A/c Cr. 2,00,000
(Started business with ₹ 2,00,000)
14.9.20 Bank A/c Dr. 2,00,000
To, Bank Loan A/c Cr. 2,00,000
(Loan taken from bank ₹ 2,00,000)
15.9.20 Furniture A/c Dr. 5,000
To, Bank A/c Cr. 5,000
(Purchased furniture and cheque given
₹ 5,000)
15.9.20 Purchase A/c Dr. 50,000
To, Bank A/c Cr. 50,000
(Purchased goods and cheques given
₹ 50,000)
16.9.20 Cash A/c Dr. 15,000
To, Sales A/c Cr. 15,000
(Goods sold for ₹ 15,000)
16.9.20 Mr. Sham’s A/c Dr. 50,000
To, Sales A/c Cr. 50,000
(Goods sold to Mr. Sham on credit
₹ 50,000)
16.9.20 Cash A/c Dr. 15,000
To, Bank A/c Cr. 15,000
(Cash withdrawn from bank ₹ 15,000)
16.9.20 Machinery A/c Dr. 50,000
To, Cash A/c Cr. 50,000
(Purchased Machinery ₹ 50,000)
17.9.20 Computer A/c Dr. 30,000
To Bank A/c Cr. 30,000
(Purchased Computer and cheque
given of ₹ 30,000)
18.9.20 Purchased A/c Dr. 10,000
To, Cash A/c Cr. 10,000
(Purchased Goods for cash ₹ 10,000)
20.9.20 Bank Interest A/c Dr. 80,000
To Bank A/c Cr. 80,000
(Interest paid in cheque ₹ 80,000)
20.9.20 Wages A/c Dr. 2,000
To, Cash A/c Cr. 2,000
(Wages paid of ₹ 2,000)
22.9.20 Machinery Repaired A/c Dr. 2,000
To, Cash A/c Cr. 2,000
(Machinery repaired of ₹ 2,000)
22.9.20 Ramdan A/c Dr. 5,000
To, Sales A/c Cr. 5,000
(Goods sold to Ramdan on credit of
₹ 5,000)
25.9.20 Old Delivery Van A/c Dr. 60,000
To, Cash A/c Cr. 60,000
(Purchased old delivery van of
₹ 60,000)
30.9.20 Commission A/c Dr. 3,000
To, Cash A/c Cr. 3,000
(Commission paid of ₹ 3,000)
30.9.20 Bank A/c Dr. 49,000
Discount Allowed A/c Dr. 1,000
To, Mr. Sham’s A/c Cr. 50,000
(Cheque received from Mr. Sham’s in
full settlement of ₹ 49.000)
30,9,20 Salary A/c Dr. 40,000
To, Cash A/c Cr. 40,000
(Salary paid of ₹ 40,000)