Question

Enter the following transactions in the Journal of Manohar Lal & Sons.:

2018		₹
March 1	Manohar Lal & Sons started business with cash	60,000
2	Purchased furniture for cash	10,000
4	Purchased goods for cash	25,000
5	Bought goods from Kamlesh	15,000
10	Paid cash to Kamlesh	15,000
16	Purchased goods from Sohan	6,000
18	Purchased goods from Sohan for cash	8,000
20	Paid rent for the office	1,000

Answer 1

Journal In the Books of Manohar Lal
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
2018
Mar. 01	Cash A/c	Dr.		60,000
	To Capital A/c				60,000
	( Started business with cash)
Mar. 02	Furniture A/c	Dr.		10,000
	To Cash A/c				10,000
	(Furniture purchased for cash)
Mar. 04	Purchases A/c	Dr.		25,000
	To Cash A/c				25,000
	( Goods purchased for cash)
Mar. 05	Purchases A/c	Dr.		15,000
	To Kamlesh’s A/c				15,000
	(Goods purchased from Kamlesh)
Mar. 10	Kamlesh’s A/c	Dr.		15,000
	To Cash A/c				15,000
	(Cash paid to Kamlesh)
Mar. 16	Purchases A/c	Dr.		6,000
	To Sohan’s A/c				6,000
	(Goods purchased from Sohan)
Mar. 18	Purchases A/c	Dr.		8,000
	To Cash A/c				8,000
	(Goods purchased from Sohan for cash)
Mar. 20	Rent A/c	Dr.		1,000
	To Cash A/c				1,000
	(Paid office rent)
	TOTAL			1,40,000	1,40,000