An Assignment Report

Submitted to

Assam University

By

Roll No.- 18, 20, 21, 25, 28, 29, 31, 46

Masters Of Business Administration,

Jawaharlal Nehru School of management

studies,

Assam University

Batch(2021-2023)
Task 2: Record all these transactions in Journal
62. Goods sold for cash, Rs 5,000 (21.9.2020)

63. Purchased Machinery Rs 50,000 (21.9.2020)

64. Purchased computer Rs 30,000 cheque given (21.9.2020)

65. Purchased goods for cash, Rs 10,000 (21.9.2020) 66. Interest paid in cheque Rs 80,000 (22.9.2020)

67. Wages paid Rs 2,000 (22.9.2020)

68. Repaired machinery Rs 2,000 in cash (22.9.2020)

69. Goods sold to Ramdan in cr. Rs 5,000 (22.9.2020)

70. Purchased old delivery van, Rs 60,000 (23.9.2020)

71. Commission paid Rs 8,000 cheque given (23.9.2020)

72. Purchased goods from Mahi in cr.Rs 20,000 (23.9.2020)

73. Trade expenses paid Rs 4,000 in cheque (24.9.2020)

74. Expenses for cart and horse Rs 3,000 (24.9.2020)

75. Advertisement expenses Rs 22,000 (24.9.2020)

Answer for Roll No. - 18

Task 2

Books of Journal Entry

Date Particulars Vou. L/F Debit(Dr.) Credit(Cr.)

No.

21-9-2020 Cash A/C Dr. 5000 5000

To Sales A/C Cr.
(Goods sold for Cash)
21-9-2020 Machinery A/C Dr. 50,000 50,000
To Bank A/C
(Machinery purchased)
21-9-2020 Purchase A/C Dr. 30,000 30,000
To Bank A/C
(Purchased Computer by Cheque)
21-9-2020 Purchase A/C Dr. 10,000 10,000
To Cash A/C
(Purchased goods for Cash)
22-9-2020 Interest A/C Dr. 80,000 80,000
To Bank A/C
(Interest paid in Cheque)
22-9-2020 Wages A/C Dr. 2,000 2,000
To Cash A/C
(Wages paid)
22-9-2020 Machinery A/C Dr. 2,000 2,000
To Cash A/C
(Repaired Machinery through
cash)
22-9-2020 Ramdan A/C Dr. 5,000 5,000
To Cash A/C
(Goods sold to Ramdan in Cr.)
23-9-2020 Purchase A/C Dr. 60,000 60,000
To Cash A/C
(Purchased old-delivery van)
23-9-2020 Commission A/C Dr. 8,000 8,000
To Bank A/C
(Commission paid through
cheque)
23-9-2020 Purchase A/C Dr. 20,000 20,000
To Mahi’s A/C
(Purchased goods in Credit)
24-9-2020 Expense A/C Dr. 4,000 4,000
To Bank A/C
(Trade Expenses paid in Cheque)
24-9-2020 Expense A/C Dr. 3,000 3,000
To Cash A/C
(Expenses for Cart and horses)
24-9-2020 Expenses A/C Dr. 20,000 20,000
To Cash A/C
(Expenses for Advertisement)

Task 3:

Enter the following Transactions in the Journal of Suresh

2019 Rs.

July 01 Commenced business with cash 1,50,000

July. 02 Goods purchased for cash 80,000

July. 03 Sold goods to Suresh 40,000

July. 04 Paid wages 800

July. 06 Sold goods for cash 14,000

July. 10 Paid for trade expenses 800

July. 11 Cash received from Suresh 24,000

July. 13 Goods purchased from Mohan 30,000

July. 13 Carriage paid 15,000

July. 21 Drew cash for personal use 6,000

July. 21 Goods use for house hold purpose 3,000

July. 24 Cash paid to Mohan 16,200

July.28 Rent due to Land lord 3500

July. 31 Unpaid Salary 15,000

Paid Telephone Charges 1000

Paid Electricity Bill 1800

Journal of Mr. Suresh

Date Particulars Vou. L/F Debit(Dr.) Credit(Cr.)

No.

1-7-2019 Cash A/C Dr. 150000 150000

To Capital A/C Cr.
(Commenced business with cash)
2-7-2019 Purchase A/C Dr. 80,000 80,000
To Cash A/C
(Purchased Goods by Cash)
3-7-2019 Suresh A/C Dr. 40,000 40,000
To Cash A/C
(Goods sold to Suresh)
4-7-2019 Wages A/C Dr. 1800 1800
To Cash A/C
(Wages Paid)
6-7-2019 Cash A/C Dr. 14,000 14,000
To Goods A/C
(Goods sold for cash)
10-7-2019 Expense A/C Dr. 800 800
To Cash A/C
(Paid for trade expenses)
11-7-2019 Cash A/C Dr. 24,000 24,000
To Suresh A/C
(Cash received from Suresh)
13-7-2019 Goods A/C Dr. 30,000 30,000
To Mohan A/C
(Goods purchased from Mohan)
13-7-2019 Expense A/C Dr. 15,000 15,000
To Cash A/C
(Paid for carriage)
21-7-2019 Drawings A/C Dr. 6,000 6,000
To Bank A/C
(Drew cash for personal use )
21-7-2019 Drawings A/C Dr. 3,000 3,000
To Purchase A/C
(Goods use for household
purpose)
24-7-2019 Mohan’s A/C Dr. 16,200 16,200
To Cash A/C
(Cash paid to Mohan)
28-7-2019 Rent A/C Dr. 3,500 3,500
To Outstanding Rent A/C
(Rent due to landlord)
31-7-2019 Salary A/C Dr. 15,000 15,000
To Outstanding Salary A/C
(Unpaid Salary)
31-7-2019 Expenses A/C Dr. 1000 1000
To Cash A/C
(Paid Telephone Charges)
31-7-2019 Expenses A/C Dr. 1800 1800
To Cash A/C
(Paid Electricity Bill)
Answer for Roll No. 20
Task 2

Book of Journal Entry

Date Particulars L. Dr. Cr.

F. Amount(rs) Amount(rs)
21.9.2020 Cash A/c Dr 5000
To Sales A/c 5000
(Being, goods sold in cash )
21.9.2020 Machinery A/c Dr 50,000
To Cash A/c 50,000
(Being , machinery purchased)
21.9.2020 Computer A/c Dr 30,000
To Bank A/c 30,000
(Being , computer purchased by
giving cheque)
21.9.2020 Purchase A/c Dr 10,000
To Cash A/c 10,000
(Being, goods purchased in cash )
22.9.2020 Interest A/c Dr 80,000
To Bank A/c 80,000
(Being , interest paid in cheque)
22.9.2020 Wages A/c Dr 2000
To Cash A/c 2000
(Being, wages paid in cash)
22.9.2020 Repaired Machinery A/c. Dr 2000
To Cash A/c 2000
(Being, machinery repaired in
cash )
22.9.2020 Ramdan A/c Dr 5000
To Sales A/c 5000
(Being, goods sold on credit to
ramdan)
23.9.2020 Old delivery van A/c Dr 60,000
To Cash A/c 60,000
(Being , old delivery van purchased
in cash )
23.9.2020 Commission A/c Dr 8000
To Bank A/c 8000
(Being, commission paid in
cheque)
23.9.2020 Purchase A/c Dr 20,000
To Mahi 20,000
(Being , goods purchased from
mahi on credit )
24.9.2020 Trade Expenses A/c Dr 4000
To Bank A/c 4000
(Being, trade expenses paid in
cheque )
24.9.2020 Expenses for cart and horse A/c Dr 3000
To Cash A/c 3000
(Being , expenses paid in cash )
24.9.2020 Advertisement A/c Dr 22,000
To Cash A/c 22,000
(Being , advertisement expenses
paid)
Total 301000 301000

Task 3

Question – 1. Started business with cash Rs 35000 (11.9.2020)

2.Bought goods on credit from pradip Rs 4000(11.9.2020)

3.Paid salary to staff Rs 3500(11.9.2020)

4.Paid rent to landlord by cheque Rs 4000(13.9.2020)

5.Ram withdrawn Rs800 by cheque for personal use (13.9.2020)

6.Rahim withdrawn Rs 1000 in cash for persona use(13.9.2020)

7.Purchased goods and payment made by cheque Rs20,000(15.9.2020)

8.Purchased stationery items on credit from M/s . SKL Rs 900(15.9.2020)

9.Received commission Rs 1500 (19.9.2020)

10.Received interest from UTI by cheque Rs 5100 (19.9.2020)

 In the Book of Journal entry

Date Particulars Vou. L.F. Debit(Dr.) Credit (Cr.)

No.
11.9.20 Cash A/c Dr 35000
To Capital A/c 35000
(Being, Business started with
cash )
11.9.20 Purchased A/ Dr 4000
To Pradip 4000
(Being , goods bought from
pradip on credit)
11.9.20 Salary A/c Dr 3500
To Cash A/c 3500
(Being , salaries paid in cash )
13.9.20 Rent A/c Dr 4000
To Bank A/c 4000
(Being , rent paid by cheque)
13.9.20 Drawings A/c Dr 800
To Bank A/c 800
(Being , the amount withdrawn
fir personal use by cheque)
13.9.20 Drawings A/c Dr 1000
To cash A/c 1000
(Being , cash withdrawn for
personal use )
15.9.20 Purchased A/c Dr 20000
To Bank A/c 20000
(Being , goods purchased and
payment made by cheque )
15.9.20 Stationery A/c Dr 900
To M/s , Skl A/c 900
(Being , stationery purchased
on credit )
19.9.20 Cash A/c Dr 1500
To Commission Received A/c 1500
(Being , commission received in
cash)
19.9.20 Bank A/c Dr 5100
To Interest Received A/c 5100
(Being , interest received by
cheque)
Total 75,800 75,800
Answer for Roll No. 21
Task 2

Books of Journal Entry

Date Particulars Vou L/F Dr. Cr. Rs.

No. Rs.

21.9.2020 Cash A/c Dr. 5000

To Capital A/c 5000

(Being goods sold for cash Rs. 5000)

21.9.2020 Machinery A/c Dr. 50000

To Cash A/c 50000

(Being machinery purchased in cash Rs. 50000)

21.9.2020 Computer A/c Dr. 30000

To Bank A/c 30000

(Being computer purchased for cheque Rs. 30000)

21.9.2020 Purchase A/c Dr. 10000

To Cash A/c 10000

(Being goods purchased for cash Rs. 10000)

22.9.2020 Interest A/c Dr. 80000

To Bank A/c 80000

(Being interest paid in cheque Rs. 80000)

22.9.2020 Wages A/c Dr. 2000

To Cash A/c 2000

(Being wages paid in cash Rs. 2000)

22.9.2020 Repaired on machinery A/c Dr. 2000

To Cash A/c 2000

(Being machinery repaired in cash Rs. 2000)

22.9.2020 Ramdan A/c Dr. 5000

To sales A/c 5000

(Being goods sold to Ramdan on credit)

23.9.2020 Old delivery van A/c Dr. 60000

To cash A/c 60000

(Being old delivery van purchased in cash Rs.

60000)
8000
Commission A/c Dr.
23.9.2020 8000
To Bank A/c

(Being commission paid by cheque Rs. 8000)

20000
Purchase A/c Dr.
23.9.2020 20000
To Mahi’s A/c

(Being goods purchased from Mahi in credit Rs.

20000)
24.9.2020 4000
Trade expenses A/c Dr.
4000
To Bank A/c

(Being trade expenses paid in cheque Rs. 4000)

24.9.2020 3000
Expenses for cart and horse A/c Dr.
3000
To Cash A/c

(Being expenses for cart and horse Rs. 3000)

24.9.2020 Advertisement A/c Dr. 22000

To Cash A/c 22000

(Being advertisement expenses paid Rs. 22000)

Task 3

Task 3:

(1) Started business with cash Rs. 30000 (10.7.2020)

(2) Opened a Current A/c with Bank Rs. 15000 (10.7.2020)

(3) Purchased goods and payment made by cheque Rs. 7000 (10.7.2020)

(4) Purchased furniture from Ram Kumar Rs.5000 (10.7.2020)

(5) Issued a cheque to Ram Kumar on account Rs.3000 (10.7.2020)

(6) Sold goods to Krishna on credit Rs.2000 (11.7.2020)

(7) Purchased goods for cash Rs.1000 (11.7.2020)

(8) Sold old furniture for cash Rs.8000 (11.7.2020)

(9) Paid wages in cash Rs.14000 (12.7.2020)

(10) Received commission in cheque Rs.20000 (12.7.2020)

(11) Interest credited by bank Rs.700 (12.7.2020)

(12) Drew cheque for personal use Rs.10000 (12.7.2020)

(13) Drew cheque for office use Rs.12500 (12.7.2020)

(14) Paid rent to landlord by cheque Rs.8000 (12.7.2020)

 Journal Entries

Date Particulars Vou L/F Dr. Rs. Cr.

no. Rs.

(10.7.2020) Cash A/c Dr. 30000

To Capital A/c 30000

(Being business started with cash)

Bank A/c Dr.

(10.7.2020) 15000
To Cash A/c
15000
(Being current account opened with the bank)

(10.7.2020) Purchases A/c Dr. 7000

To Bank A/c 7000

(Being goods purchased by cheque)

(10.7.2020) Furniture A/c Dr. 5000

To Ram Kumar A/c 5000
(Being furniture purchased on credit from Ram Kumar)

(10.7.2020) Ram Kumar A/c Dr.

3000
To Bank A/c 3000
(Being cheque issued to Ram Kumar)

(11.7.2020) Krishna A/c Dr.

2000
To Sales A/c 2000
(Being goods sold to Krishna on credit)

Purchase A/c Dr.

(11.7.2020) 1000
To cash A/c
1000
(Being goods purchased for cash)
 Cash A/c Dr.

(11.7.2020) To Furniture A/c 8000

(Being old furniture sold in cash) 8000

Wages A/c Dr.

(12.7.2020) To cash A/c 14000

(Being wages paid in cash)
14000
Bank A/c Dr.

To commission received A/c

(12.7.2020) 20000
(Being commission received in cheque)
20000

(12.7.2020) Bank A/c Dr. 700

To Interest A/c 700

(Being Interest credited by bank)

(12.7.2020) Drawings A/c Dr. 10000

To Bank A/c 10000

(Being cash withdrawn from Bank for personal use)

Cash A/c Dr. 12500

(12.7.2020) To Bank A/c 12500

(Being cash withdrawn from Bank for office use)

Rent A/c Dr.

(12.7.2020) 8000
To Bank A/c
8000
(Being rent paid by cheque)
Answer for Roll No. - 25
Task 2

BOOKS OF JOURNAL ENTRY

Date Particulars Vou L/F Dr Cr

No.

21/09/2020 Cash A/c Dr 5000

To sales 5000
(Being goods sold on cash)

21/09/2020 Machinery a/c Dr 50000

To cash 50000
(Being machinery purchased on
cash)
21/09/2020 Computer a/c Dr 30000
To Bank 30000
(Being computer purchased
through cheque)
21/09/2020 Purchase a/c Dr 10000
To cash 10000
(Being goods purchased on cash)

22/09/2020 Interest a/c Dr 80000

To Bank 80000
(Being interest paid through
cheque)
22/09/2020 Wages a/c Dr 2000
To cash 2000
(Being wages paid)
22/09/2020 Repaired Machinery a/c Dr 2000
To cash 2000
(Being machinery repaired)
22/09/2020 Ramadan a/c Dr 5000
To sales 5000
(Being goods sold on credit)
23/09/2020 Old delivery van a/c Dr 60000
To cash 60000
(Being old delivery van purchased)
23/09/2020 Commission A/c Dr 8000
To Bank 8000
(Being commission paid)
23/09/2020 Purchase a/c Dr 20000
To Mahi 20000
(Being goods purchased on credit)
24/09/2020 Trade expense a/c Dr 4000
To Bank 4000
(Being trade expense paid by bank)
24/09/2020 Expense for cart and horse a/c Dr 3000
To cash 3000
(Being expenses paid)
24/09/2020 Advertisement a/c Dr 22000
To cash 22000
(Being paid for advertisement)

Task 3.

Record the all journals in the books

1. Business started with Rs. 2,00,000 ( 01/01/2021

2. Goods purchased of Rs. 10,000 (02/01/2021)
3. Goods solds of Rs. 15000 (03/01/2021)
4. Purchased goods from XYZ Ltd of Rs. 20000 (04/01/2021)
5. Goods sold of Rs. 5000 to ABC Ltd ( 05/01/2021)
6. Rent paid of Rs. 5000 (06/012021)
7. Commission received Rs. 2000 ( 07/01/2021)
8. Sold goods to ABC Ltd by bank Rs. 5000 (08/01/2021)
9. Payment has made to creditors by bank Rs.8000 (09/01/2021)
10. Purchased building of Rs. 50,000 (10/01/2021)
11. Open the bank account with Rs 10,000 (11/01/2021)
12. Purchase furniture on credit of Rs 20,000 (12/01/2021)
13. Salary due Rs 10,000 ( 13/01/2021)
14. Commission received in advance Rs 3000 ( 14/01/2021)

Journal Entries

Date Particulars Voucher L/F Dr Cr

No
01/01/2021 Cash A/c Dr 2,00,000
To capital 2,00,000
(Being business started)
02/01/2021 Purchase A/c Dr 10,000
To cash 10,000
(Being goods purchased for
cash)
03/01/2021 Cash A/c Dr 15000
To sales 15000
(Being goods sold on cash)
04/01/2021 Purchase A/c. Dr 20,000
To XYZ Ltd 20,000
(Being goods purchased on
credit)
05/01/2021 ABC Ltd AC Dr 5000
To sales 5000
( Being goods sold on credit)
06/01/2021 Rent AC Dr 5000
To cash 5000
(Being rent paid)
07/01/2021 Cash AC Dr 2000
To commission 2000
( Being commission received)
08/01/2021 Bank a/c Dr 5000
To sales 5000
(Being goods sold to ABC
Ltd)
09/01/2021 Creditors a/c Dr 8000
To Bank 8000
(Being payment made to
creditors by bank)
10/01/2021 Building a/c Dr 50,000
To cash 50,000
( Being building purchased)
11/01/2021 Bank a/c Dr 10,000
To cash 10,000
(Being bank account opened)
12/01/2021 Furniture a/c Dr 20,000
To creditors 20,000
( Being furniture purchased)
13/01/2021 Salary a/c Dr 10,000
To outstanding salary 10,000
( Being salary due but not
paid)
14/01/2021 Cash A/c Dr 3000
To advance commission 3000
(Being commission received
in advance)
Answer for Roll No. - 28
Task 2

Books of Journal Entry

Date Particulars Vou. L/F Debit(Dr.) Credit(Cr.)

No.

21-9-2020 Cash A/C Dr. 5000

To Sales A/C 5000
(Being Goods sold for Cash)
21-9-2020 Machinery A/C Dr. 50,000
To Bank A/C 50,000
(Being Machinery purchased)
21-9-2020 Computer A/C Dr. 30,000
To Bank A/C 30,000
(Being Purchased Computer by
Cheque)
21-9-2020 Purchase A/C Dr. 10,000
To Cash A/C 10,000
(Being Goods purchased for Cash)
22-9-2020 Interest A/C Dr. 80,000
To Bank A/C 80,000
(Being Interest paid in Cheque)
22-9-2020 Wages A/C Dr. 2,000
To Cash A/C 2,000
(Being Wages paid)
22-9-2020 Machinery A/C Dr. 2,000
To Cash A/C 2,000
(Being Machinery repaired through
cash)
22-9-2020 Ramdan A/C Dr. 5,000
To sales A/C 5,000
(Being Goods sold to Ramdan in
Cr.)
23-9-2020 Purchase A/C Dr. 60,000
To Cash A/C 60,000
(Being Purchased old-delivery van)
23-9-2020 Commission A/C Dr. 8,000
To Bank A/C 8,000
(Being Commission paid through
cheque)
23-9-2020 Purchase A/C Dr. 20,000
To Mahi’s A/C 20,000
(Being Goods Purchased from Mahi
in Credit)
24-9-2020 Expense A/C Dr. 4,000
To Cash A/C 4,000
(Being Trade Expenses paid in
Cheque)
24-9-2020 Expense A/C Dr. 3,000
To Cash A/C 3,000
(Being Cart and horses Expense
paid)
24-9-2020 Expenses A/C Dr. 20,000
To Cash A/C 20,000
(Being Advertisement expense
paid)

Task 3

Arun is a trader dealing in textiles. For the following transactions, pass journal entries for the month of
January, 2018.

1 Commenced business with cash 70,000

2 Purchased goods from X and Co. on credit 30,000

3 Cash deposited into bank 40,000

4 Bought a building from L and Co. on credit 95,000

5 Cash withdrawn from bank for office use 5,000

6 Cash withdrawn from bank for personal use of Arun 4,000

7 Towels given as charities 3,000

8 Shirts taken over by Arun for personal use 12,000

9 Sarees distributed as free samples 3,000

10 Goods (table clothes) used for office use 200

11 Purchased goods from Y and Co. on credit 60,000

12 Commission received in cash 5,000

 In the Book of Arun

Journal Entry

Date Particulars Vou. L/F Debit(Dr.) Credit(Cr.)

No.

1-1-2018 Cash A/C Dr. 70,000

To Arun’s Capital A/C 70,000
(Being Arun commenced business
with Cash)
2-1-2018 Purchase A/C Dr. 30,000
To X and Co. A/C 30,000
(Being goods purchased on credit)
3-1-2018 Bank A/C Dr. 40,000
To Cash A/C 40,000
(Being Cash deposited into bank)
4-1-2018 Building A/C Dr. 95,000
To L and Co. A/C 95,000
(Being Building bought on credit)
5-1-2018 Cash A/C Dr. 5,000
To Bank A/C 5,000
(Being Cash withdrawn from Bank
for office use)
6-1-2018 Drawings A/C Dr. 4,000
To Bank A/C 4,000
(Being Cash withdrawn from bank
for personal use)
7-1-2018 Charity A/C Dr. 3,000
To Purchase A/C 3,000
(Being Towels given as charities )
8-1-2018 Drawings A/C Dr. 12,000
To Purchase A/C 12,000
(Being Goods purchased for
personal use)
9-1-2018 Promotion A/C Dr. 3,000
To Purchase A/C 3,000
(Being Sarees distributed as free
samples)
10-1-2018 Office expense A/C Dr. 200
To purchase A/C 200
(Being Commission paid through
cheque)
11-1-2018 Purchase A/C Dr. 60,000
To Y and Co. A/C 60,000
(Being goods purchased from Y
and Co. on credit)
12-1-2018 Cash A/C Dr. 5,000
To Comission A/C 5,000
(Being Commission received in
cash )

Answer for Roll No. - 29

Task 2

Books of Journal Entry

DATE PARTICULARS VOU.NO L/F DEBIT RS. CREDIT RS.

.

21/9/2020 Cash A/c Dr. 5000

To Sales A/c
5000
( Goods sold for cash)
21/9/2020 Machinery A/c Dr. 50,000
To Bank A/c
50,000
( Machinery purchased for cash)
21/9/2020 Computer A/c Dr. 30,000
To Bank A/c
30,000
( Computer purchased by
cheque)
21/9/2020 Purchase A/c Dr. 10,000
To Cash A/c
10,000
( Goods purchased for cash)
22/9/2020 Interest paid A/c Dr. 80,000
To Bank A/c
80,000
( Interest paid by cheque)
22/9/2020 Wages A/c Dr. 2000
To Cash A/c
2000
( Wages paid for cash)
22/9/2020 Repaired Machinery A/c 2000
Dr.
2000
To Cash A/c
( Machinery purchased for cash)
22/9/2020 Ramdam A/c Dr. 5000
To Bank A/c
5000
( Goods sold to Ramdam on
credit)
23/9/2020 Old Delivery Van A/c Dr. 60,000
To Cash A/c
60,000
( Old delivery van purchased)

23/9/2020 Commission A/c Dr. 8000

To Bank A/c
8000
( Commission paid by cheque)
23/9/2020 Purchase A/c Dr. 20,000
To Mahi A/c
20,000
( Goods purchased from Mahi on
credit)
24/9/2020 Trade Expenses A/c Dr. 4000
To Bank A/c
4000
( Trade expenses paid by cheque)
24/9/2020 Horse and Cart A/c Dr. 3000
To Cash A/c
3000
( Horse and cart expenses paid in
cash)
24/9/2020 Advertisement A/c Dr. 22000
To Cash A/c
22000
( Advertisement expenses paid in
cash)

Task 3:

1. Paid Rs. 500 for repairing the office furniture (18/5/2020)

2. Rs. 500 due from Suren is irrecoverable (18/5/2020)
3. Salaries due to accountant Rs. 4000 (18/5/2020)
4. Purchased goods from Bhubhan on credit Rs. 4000 (18/5/2020)
5. Deposited cash into bank Rs. 6000 (18/5/2020)
6. Paid salaries by cheque Rs. 3000 (18/5/2020)
7. Introduced capital of Rs. 10,000 in business (22/5/2020)
8. Received commission from Rahul Rs. 3000 (25/5/2020)
 9. Interest credited by bank Rs. 500 (25/5/2020)
10. Bank charges paid Rs. 300 (25/5/2020)
11. Sold old furniture for cash Rs. 1500 (27/5/2020)
12. Sold goods to Krishna on credit Rs. 4000 (27/5/2020)
13. Rent paid in advance Rs. 2000 for the month of July (27/5/2020)
14. Goods of Rs. 5000 distributed to charity (27/5/2020)
15. Cash brought in by proprietor as capital Rs. 30,000 (27/5/2020)

Books of Journal Entry

DATE PARTICULARS VOU. L/F DEBIT RS. CREDIT

NO. RS.

18/5/2020 Repairs A/c Dr. 500

To Cash A/c
500
( Cash paid for repairing office
furniture)
18/5/2020 Bad debts A/c Dr. 500
To Suren A/c
500
( Due from Suren is irrecoverable)

18/5/2020 Salary A/c Dr. 4000

To Outstanding Salary A/c
4000
(Salaries due to accountant)

18/5/2020 Purchase A/c Dr. 4000

To Bhubhan A/c
4000
(Goods purchased on credit from
Bhubhan)
18/5/2020 Bank A/c Dr. 6000
To Cash A/c
6000
(Cash deposited into bank)

18/5/2020 Salaries A/c Dr. 3000

To Bank A/c
3000
(Salaries paid by cheque)
22/5/2020 Cash A/c Dr.
To Capital A/c 10,000
10,000
(Cash introduced into business)

25/5/2020 Cash A/c Dr. 3000

To Commission Received A/c
3000
(Commission received from Rahul)

25/5/2020 Bank A/c Dr. 500

To Interest A/c
500
(Interest credited by bank)
27/5/2020 Cash A/c Dr. 1500
To Furniture A/c
1500
(Old furniture sold for cash)

27/5/2020 Krishna A/c Dr. 4000

To Sales A/c
4000
(Goods sold to Krishna on credit)

27/5/2020 Rent paid in Advance A/c Dr. 2000

To Bank A/c
2000
(Rent paid in advance for the month of
July)
27/5/2020 Charity A/c Dr. 5000
To Cash A/c
5000
(Goods given to charity)

27/5/2020 Cash A/c Dr.

To Proprietor’s A/c 30,000
30,000
(Cash introduced in business by
proprietor)
Answer for Roll No. - 31
Task 2

In the books of Journal

DATE PARTICULARS VOU. L/F Dr Cr

NO. AMOUNT AMOUNT
21.9.2020 Cash A/C Dr 5,000
To Sale A/c 5,000
(Being goods sold in cash)

21.09.20 Machinery A/c Dr 50,000

To Cash A/c 50,000
(Being machinery purchased)
21.09.20 Computer A/c Dr 30,000
To Bank A/c 30,000
(Being computer purchased by cheque)
21.09.20 Purchase A/c Dr VOU. L/F 10,000
To Cash A/c NO. 10,000
(Being goods purchased for cash)

22.9.2020 Interest A/c Dr 80,000

To Bank 80,000
(Being interest paid by cheque)

22.9.20 Wages A/c Dr 2,000

To Cash A/c 2,000
(Being wages paid)

22.9.20 Repaired Machinery A/c Dr 2,000

To Cash A/c 2,000
(Being machinery repaired)

22.9.20 Ramadan A/c Dr 5,000

To Sales A/c 5,000
(Being goods sold to Ramadan on credit)

23.9.20 Delivery van A/c Dr 60,000

To Cash A/c 60,000
(Being old delivery van purchased)
23.9.20 Commission A/c Dr 8,000
To Bank A/c 8,000
(Being commission paid by cheque)
23.9.20 Purchase A/C Dr 20,000
To Mahi A/c 20,000
(Being goods purchased from mahi on credit)

24.9.20 Trade expenses A/c Dr 4,000

To Bank A/c 4,000
(Being trade expenses paid by cheque)

24.9.20 Livestock A/c Dr 3,000

To Cash A/c 3,000
(Being cash paid for livestock)

24.9.20 Advertisement A/C Dr 22,000

To Cash A/c 22,000
(Being cash paid for advertisement)

Task 3:

Enter the following transactions in the journal of XYZ: July 2021

1. 05.07.20. XYZ started business with Rs 60,000.

2. 05.07.20. Sold goods for cash Rs 5,000
3. 06.07.20. Paid office expenses Rs 500.
4. 07.07.20. Purchased furniture for cash Rs 3,000.
5. 08.07.20. Purchased stationery item for cash Rs 300.
6. 08.07.20. Paid wages in cash Rs 800.
7. 09..07.20. Paid Travelling expenses Rs 1,100.
8. 10.07.20. Received Commission Rs 1,500.
9. 11.07.20. Bank Charges Rs 80.
10. 12.07.20. Deposited into bank Rs 7000.
11. 13.07.20. Received cash from XYZ Rs 3,000.
12. 14.07.20. Cash withdrawn for personal use Rs 2,000.
13. 15.07.20. Sold scrap materials Rs 200.
14. 16.07.20. Paid salary to staff Rs 4,000.
15. 17.07.20. Sold goods to XYZ Rs 800.

In the books of XYZ Journal

Date Particular VOU. L/F Dr. Cr.

NO. Amount Amount
05.07.20. Cash A/c Dr. 60,000
To Capital A/c 60,000
(Being business started with cash)
05.07.20. Cash A/c Dr. 5,000
To Sales A/c 5,000
(Being goods sold for cash)
06.07.20. Office Expenses A/c Dr. 500
To Cash A/c 500
(Being office expenses paid in expense)
07.07.20. Furniture A/c Dr. 3,000
To Cash A/c 3,000
(Being furniture purchased for cash)
08.07.20. Stationery A/c Dr. 300
To Cash A/c 300
(Being Stationer purchased for cash)
08.07.20. Wages A/c Dr. 800
To Cash A/c 800
(Being wages paid in cash)
09.07.20. Travelling Expenses A/c Dr. 1,100
To Cash A/c 1,100
(Being travelling expenses paid)
10.07.20 Cash A/c Dr. 1,500
To Commission Received A/c 1,500
(Being commission received in cash)
11.07.20 Bank charges A/c Dr. 80
To Bank A/c 80
(Being bank charges debited by bank)
12.07.20 Bank A/c Dr. 7,000
To Cash A/c 7,000
(Being cash deposited into bank)
13.07.20 Cash A/C Dr. 3,000
To XYZ A/c 3,000
(Being cash received from xyz)
14.07.20 Drawings A/c Dr. 2,000
To Cash A/c 2,000
(Being salaries paid in cash)
15.07.20 Cash A/c Dr. 200
To Sale of Scrap A/c 200
(Being the sale of scrap)
16.07.20 Salary A/c Dr. 4,000
To Cash A/c 4,000
(Being salary paid in cash)

17.07.20 XYZ A/c Dr. 800

To Sales A/c 800
(Being goods sold to xyz)
Answer for Roll No. - 46 Task 2

Particulars Vou. L.F. Debit amount Credit

No. (₨) amount
(₨)
21-9-2020 Cash A/c Dr. 5,000
To Sales A/c 5,000
(goods sold for cash)

21-9-2020 Machinery A/c Dr. 50,000

To Cash A/c 50,000
(purchased machinery)

21-9-2020 Computer A/c Dr. 30,000

To Bank A/c 30,000
(purchased computer by cheque)

21-9-2020 Purchase A/c Dr. 10,000

To Cash A/c 10,000
(purchased goods by cash)

22-9-2020 Interest A/c Dr. 80,000

To Bank A/c 80,000
(Interest paid by cheque)

22-9-2020 Wages A/c Dr. 2,000

To Cash A/c 2,000
(Wages paid by cash)

22-9-2020 Machinery A/c Dr. 2,000

To Cash A/c 2,000
(machinery repaired by paying
cash)

22-9-2020 Ramadan A/c Dr. 5,000

To Sales A/c 5,000
(goods sold to Ramadan in credit)

23-9-2020 Delivery Van A/c Dr. 60,000

To Cash A/c 60,000
(purchased old delivery van)

23-9-2020 Commission A/c Dr. 8,000

To Bank A/c 8,000
(Commission paid by cheque)

23-9-2020 Purchase A/c Dr. 20,000

 To Mahi A/c 20,000
(purchased goods from Mahi in
credit)

24-9-2020 Trade Expense A/c Dr. 4,000

To Bank A/c 4,000
(trade expense paid in cheque)

24-9-2020 Cart and Horse A/c Dr. 3,000

To Cash A/c 3,000
(Cart and horse expenses paid)

24-9-2020 Advertisement A/c Dr. 22,000

To Cash A/c 22,000
(advertisement expenses paid)

Task 3:

Enter the following Transactions in the Journal

1. Kunal started business with cash Rs. 2,80,000 (1-1-2021)

2. Purchased shop building for cash Rs. 1,00,000 (2-1-2021)
3. Purchased shop furniture for cash Rs. 15,000 (2-1-2021)
4. Paid transporting expense Rs. 150 (2-1-2021)
5. Purchased goods on credit from Rahul Rs. 17,800 (3-1-2021)
6. Sold goods for cash Rs. 14,300 (5-1-2021)
7. Sold goods on account to Patel Rs. 8,000 (5-1-2021)
8. Paid for goods purchased Rs. 13,600 (5-1-2021)
9. Paid for transporting Rs. 120 (5-1-2021)
10. Received cash from Patel Rs. 5,000 (6-1-2021)
11. Paid cash to Rahul Rs. 15,000 (6-1-2021)
12. Paid salaries to employees for month Rs. 4,500 (8-1-2021)
13. Advertisement expenses paid Rs. 2000 (8-1-2021)
14. Interest paid Rs. 500 by cheque (8-1-2021)

Date Particulars Vou. L.F. Debit Amount Credit Amount

No. (Rs.) (Rs.)
1-1-2021 Cash A/c Dr. 2,80,000
To Capital A/c 2,80,000
(started business with cash)

2-1-2021 Shop Building A/c Dr. 1,00,000

To Cash A/c 1,00,000
(Purchased shop building for
cash)

2-1-2021 Furniture A/c Dr. 15,000

 To Cash A/c 15,000
(Purchased furniture for cash)

2-1-2021 Transport Expense A/c Dr. 150

To Cash A/c 150
(Transport expense paid)

3-1-2021 Purchasing A/c Dr. 17,800

To Rahul A/c 17,800
( bought goods in credit from
Rahul)
5-1-2021 Cash A/c Dr. 14,300
To Sales A/c 14,300
(Goods sold for cash)

5-1-2021 Patel A/c Dr. 8,000

To Sales A/c 8,000
(goods sold on credit)

5-1-2021 Purchase A/c Dr. 13,600

To Cash A/c 13,600
(bought goods for cash)

5-1-2021 Transport expense A/c Dr. 120

To Cash A/c 120
(paid transport expense)

6-1-2021 Cash A/c Dr. 5,000

To Patel A/c 5,000
(received cash from Patel)

6-1-2021 Rahul A/c Dr. 15,000

To Cash A/c 15,000
(Paid cash to Rahul)

8-1-2021 Salary A/c Dr. 4,500

To Cash A/c 4,500
(Salary given in cash)

8-1-2021 Advertisement A/c Dr. 2,000

To Cash A/c 2,000
(advertisement expense paid)

8-1-2021 Interest A/c Dr. 500

To Bank A/c 500
(Interest paid by cheque)