Question

Enter the following transactions in the Journal of Sahil Bros. :

2016			₹
October	1	Purchased goods from Anil for Cash	40,000
	3	Purchased goods from Atul	75,000
	6	Returned goods from Atul	3,000
	8	Paid cash to Atul	50,000
	10	Sold goods to Charu	1,00,000
	12	Charu returned 20% of goods
	15	Paid rent	2,000
	20	Sahil withdrew for personal use	10,000

Answer 1

Journal In the Books of Sahil
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
2016
Oct. 01	Purchases A/c	Dr.		40,000
	To Cash A/c				40,000
	(Goods purchased from Anil for cash)
Oct. 03	Purchases A/c	Dr.		75,000
	To Atul’s A/c				75,000
	(Goods purchased from Atul)
Oct. 06	Atul’s A/c	Dr.		3,000
	To Purchases Return A/c				3,000
	(Goods returned to Atul)
Oct. 08	Atul’s A/c	Dr.		50,000
	To Cash A/c				50,000
	(Cash paid to Atul)
Oct. 10	Charu’s A/c	Dr.		1,00,000
	To Sales A/c				1,00,000
	( Goods sold to Charu)
Oct. 12	Sales Return A/c	Dr.		20,000
	To Charu’s A/c				20,000
	(Goods returned to Charu)
Oct. 15	Rent A/c	Dr.		2,000
	To Cash A/c				2,000
	(Rent paid)
Oct. 20	Drawings A/c	Dr.		10,000
	To Cash A/c				10,000
	(Cash withdrawn for personal use)
	TOTAL			3,00,000	3,00,000