Q.

1 Journalize the following transactions:-

1. Business started with cash ₹1,50,000

2. Goods purchased for cash ₹80,000
3. Deposited cheque from saving account in firms account ₹1,50,000.
4. Good costing ₹5,000 destroyed in fire. Goods were not insured.
5. Paid salary ₹20,000
6. Paid for electricity charges ₹1,500
7. Purchased computer and paid by cheque ₹15,000
8. Provide 10% depreciation on Furniture costing ₹1,00,000
9. Goods sold to Aman of ₹25,000 at 10% trade discount
10. Debtor returned goods of sale value ₹5,000
11. Purchased good of ₹26,000 at 5% trade discount and 2% cash discount
12. Sold goods to Nadeem for cash ₹8,000
13. Cash withdrawn for personal use. ₹10,000
14. Paid salary ₹30,000 ; wages ₹20,000; rent ₹10,000 by cheque
15. Salaries due to staff ₹8,000
16. Charge interest on drawing ₹1,800
17. Paid income tax ₹15,000
18. Received ₹975 from Ram in settlement of account of ₹1,000.
19. Purchased furniture ₹7,000
20. Advance rent paid ₹6,500
21. Business started with cash ₹6,80,000
22. Goods sold for cash ₹25,000
23. Purchased calculator ₹500
24. Interest due but not received ₹10,000
25. Deposited into bank ₹50,000
26. Provide 20% depreciation on Machinery costing ₹2,00,000
27. ₹8,000 due from debtors not recoverable
28. Purchased goods on credit from Lakhan ₹37,000
29. Cheque received from debtors ₹15,000
30. Goods costing ₹10,000 were destroyed in fire.
31. Paid for legal charges ₹2,000
32. Paid salary ₹15,000 and rent ₹10,000
33. Sold goods to Tanu of ₹20,000 at 5% trade discount and 2% cash discount.
34. Purchased good from Ram on credit of ₹15,000 on 5% trade discount
35. Tanu returned goods of sale value ₹5,000
36. Sold goods to Sahil for cash ₹15,000
37. Goods withdrawn for personal use ₹7,000
38. Rent due to landlord ₹8,000
39. Paid income tax ₹15,000
40. Received ₹1975 from Ram in settlement of account of ₹2,000.