Question 1:

From the following transactions write journal in the books of Pranjal :

a. Introduced ₹ 10,000 cash and commenced business.
b. Goods of ₹ 5,000 purchased on cash.
c. Goods of ₹ 8,000 purchased on credit from Rajan.
d. Goods of ₹ 2,000 given for donation.
e. Given order to Shivani to dispatch goods of ₹ 3,000.
f. Shivani has dispatched the goods as per our order.
g. Paid ₹ 2,500 for life insurance premium.

Question 2:
Write journal entries for the following transaction in the books of Shubham:
Jan. 1 Introduced goods of ₹ 10,000, cash ₹ 15,000, furniture ₹ 5,000, debtors of ₹ 10,000 and
commenced business.
Jan12 Personal motor-car sold for ₹ 80,000 and introduced ₹ 50,000 in business.
Jan 13 ₹ 1,000 withdrawn from bank for personal use.
Jan 15 Income tax refund of ₹ 500 of owner of sole proprietor deposited with bank account of business.
Jan 20 From business goods of ₹ 1,000 and cash ₹ 400 are withdrawn for personal use.
Jan 21 Travelling expense of daughter ₹ 1,500 paid from business.
Jan 28 Furniture of ₹ 2,000, purchased from Ganga Furniture Mart for house.
Jan 31 Life insurance premium of ₹ 500 paid by cheque.

Question 3:
Write following transactions in the journal of Pushkar:
Feb 1 Due to additional requirement of funds, 12 % loan of ₹ 20,000 borrowed from Ram.
Feb 3 ₹ 8,000 lent to Laxman at interest rate of 8 %.
Feb 8 Received cash ₹ 800 for loan lent to Bharat and ₹ 200 for interest.
Feb 10 ₹ 5,000 returned back to Seeta for borrowed loan and paid interest ₹ 400.
Feb 12 Received interest ₹ 200, for loan lent to Kaushal.
Feb 15 Interest for one month paid for loan obtained from Ram.
Feb 18 ₹ 75 became receivable for interest on loan of Laxman.

Question 4:
Write Journal Entry for Krishna for the following transaction:
Mar 1 ₹ 20,000 deposited with bank and opened account.
Mar 5 A cheque of ₹ 5,000 received from Hari, which immediately deposited with bank.
Mar 6 A cheque of ₹ 2,000 received from Ramaniklal for dues.
Mar 10 Goods sold to Rupali ₹ 14,000, out of which cheque received for half amount which deposited
with bank.
Mar 12 Goods of ₹ 10,000 purchased from Deepkala and paid half amount by cheque.
Mar 15 ₹ 400 withdrawn from bank for personal expenses and ₹ 800 for office expense.
Mar 18 Life insurance premium ₹ 300 and fire insurance premium ₹ 450 paid by cheque.
Mar 20 Bank has approved overdraft of ₹ 25,000.
Mar 25 Bank has credited interest of ₹ 250 and debited bank charges of ₹ 100.
Mar 31 A cheque of ₹ 5,000 issued for foreign visit of son of owner from business.

Question 5:
Write journal entry for the following transactions in the books of Ramesh:
Apr 1 Cash purchase ₹ 15,000 and cash sale ₹ 14,000.
Apr 5 A personal goods of ₹ 10,000, brought into the business.
Apr 7 Goods of ₹ 12,000 purchased from Harsh.
Apr 10 Out of goods purchased due to defective goods half goods returned to Harsh.
Apr 12 Goods of ₹ 10,000 purchased from Ramila and half amount paid by cheque.
Apr 15 Goods purchased from Ramila sold to Mita after adding 30 % profit, at 10 % trade discount.
Apr 18 Mita returned goods of ₹ 1,000.
Apr 20 Goods of ₹ 20,000 sold to Kalpana at 10 % trade discount and 5 % cash discount.
Apr 22 Goods of ₹ 2,000 destroyed by fire and insurance company admitted claim of ₹ 1,000.Goods
Apr 25 of ₹ 500 ruined in rain, ₹ 200 are realized by selling it.
 Apr 27 Goods of ₹ 300 received as free sample.
Apr 29 Goods of ₹ 250 was received as free sample sold for ₹ 400.
Apr 30 A mobile of ₹ 1,500 purchased against exchange of goods of ₹ 1,000.

Question 6:
Write journal entry for the following transactions in the books of Shri Laxman Chandera :
1 A machine purchased by cheque f 20,000 and paid wages for machine installation ₹ 500 in
2 cash.
3 Furniture of ₹ 3,000 purchased from Kaveri Furniture Mart and carriage paid in cash ₹ 60.
50 shares of Mahalaxmi Mill purchased at ₹ 100 per share and brokerage 20 paise per share,
4 paid by cheque.
5 For furniture of ₹ 5,000 goods given of ₹ 4,000.
6 An old machine of ₹ 6,000 sold for X 5,000.
Land purchased ₹ 50,000 and incurred ₹ 2,000 for documentation and legal charges Payment
is made in cash.

Question 7:
For following transactions of May 2014, write journal entry in the books of Shashank:
Jul 1 Paid ₹ 500 for refreshment at inaugural function of shop.
Jul 2 Purchased necessary books of accounts ₹ 400 for business.
Jul 3 Paid ₹ 200 for wages and ₹ 100 for carriage.
Jul 5 Paid ₹ 500 for shop rent and ₹ 300 for house rent.
Jul 10 ₹ 400 received for commission.
Jul 12 A cheque of ₹ 800 received for brokerage.
Jul 15 Paid advertisement bill of Gujarat Samachar ₹ 300.
Jul 20 Received equity share dividend ₹ 500.
Jul 24 Essar company has paid debenture interest by cheque ₹ 1,000.
Jul 25 ₹ 3,000 paid for signboard of business.

Question 8:
Write journal entry for the following transactions in the books of Parmeshwar:
Jun 1 Introduced cash ₹ 50,000, stock of goods ₹ 10,000, debtors of ₹ 15,000 and commenced
business.
Jun 2 10 % loan of ₹ 20,000 is borrowed from Smt. Sharda.
Jun 3 Goods ₹ 8,000 purchased from Rameshwar Stores at 10% trade discount.
Jun 5 Goods of ₹ 5,000 sold to Gayatri Stores at 10 % trade discount.
Jun 7 Goods of ₹ 15,000 purchased from Radha-Kishan Stores at 10% trade discount and 10 %
cash discount, issued cheque for half amount.
Jun 10 An order of ₹ 5,000 received from Vibhuti to send goods.
Jun 12 As per order of Vibhuti, goods sent at 10 % trade discount. Paid ₹ 50 carriage in cash.
Jun 15 Vibhuti became insolvent and bad debts recorded of ₹ 300, a cheque received for remaining
amount.
Jun 16 On payable amount to Anup ₹ 1,050, paid ₹ 1,000 by cheque and settled the account.
Jun 20 Received ₹ 1,500 for written off bad debts of Imandar.

Question 9:
Write journal entry of business commenced by Shri Maulik Shah with a name of Shah Traders :
Jul 1 Brought ₹ 50,000 cash, debtors ₹ 20,000, stock of goods ₹ 10,000 and creditors of ₹ 5,000
and commenced business.
Jul 2 Deposited cash ₹ 20,000 with Vijaya Bank and opened account.
Jul 3 Goods of ₹ 20,000 purchased from Sumul at 10 % trade discount and 10 % cash discount.
Paid half amount by cheque.
Jul 4 A furniture of ₹ 15,000 purchased on credit from ‘Punit Furniture Mart’. A carriage of ₹ 100 paid
in cash.
Jul 5 A defective goods of ₹ 3,000 returned to Sumul.
 Goods of ₹ 12,000 sold to Rajshri at 10 % trade discount and 10 % cash discount. Received
Jul 6 half amount by cheque.
Goods of ₹ 15,000 sold to Mahendra on cash at 10% trade discount and 10% cash discount.
Jul 8 Withdrawn goods of ₹ 300 and cash ₹ 200 for personal use.
Jul 10 Purchased plastic bags of ₹ 200 for goods packing by cash.
Jul 11 ₹ 2,000 paid by cheque for salary and wages.
Jul 12 Bad debts took place ₹ 300, which was due from Rajshri and get the remaining amount.
Jul 13 Due to additional requirement of funds, 12 % loan of ₹ 25,000 obtained from Axis Bank.
Jul 14 Goods of ₹ 2,000 destroyed by fire, for which insurance company has admitted claim of ₹
Jul 15 1,500.
Realized ₹ 200 from goods burnt by fire.
Jul 16 Both life insurance premium of son ₹ 450, and fire insurance premium of ₹ 550 paid by
Jul 18 cheque.
Jul 20 Nirma Company gave 30 number of soap free of cost as a sample, which are sold for ₹ 250.
Jul 25 Received ₹ 100 from Rajshri for bad debts written off.
Jul 28 Axis Bank has charged loan interest of ₹250.
Jul 29 Paid ₹ 2,000 for painting work of personal building and ₹ 1,000 for painting work of shop.
Paid internet connection deposit ₹ 2,000 by cheque.