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Question

Enter the following transactions in the Journal of Manohar Lal & Sons.:-
2019
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

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Solution

Journal
In the Books of Manohar Lal
Date Particulars L.F. Debit Amount (₹) Credit Amount (₹)
2019
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


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