wiz-icon
MyQuestionIcon
MyQuestionIcon
1
You visited us 1 times! Enjoying our articles? Unlock Full Access!
Question

Following transactions of Ramesh for April, 2019 are given below. Journalise them.
2019
April 1 Ramesh started business with cash 1,00,000
April 2 Paid into bank 20,000
April 3 Bought goods for cash 50,000
April 4 Drew cash from bank for office use 10,000
April 13 Sold goods to Krishna 15,000
April 20 Bought goods from Shyam 22,500
April 22 Krishna returned goods 2,000
April 24 Received from Krishna 12,500
Allowed him discount 500
April 28 Paid cash to Shyam 21,500
Discount received 1,000
April 30 Cash sales for the month 80,000
April 30 Paid rent 5,000
April 30 Paid salary 10,000

Open in App
Solution

Journal
Date
Particulars
L.F.
Debit
Amount
(₹)
Credit
Amount
(₹)
2019
Apr 01
Cash A/c
Dr.
1,00,000
To Capital A/c
1,00,000
(Started business with cash)
Apr 02
Bank A/c
Dr.
20,000
To Cash A/c
20,000
(Paid into bank)
Apr 03
Purchases A/c
Dr.
50,000
To Cash A/c
50,000
(Goods purchased)
Apr 04
Cash A/c
Dr.
10,000
To Bank A/c
10,000
(Drew from bank for office use)
Apr 13
Cash A/c
Dr.
15,000
To Sales A/c
15,000
(Goods sold to Kirshna for Cash)
Apr 20
Purchases A/c
Dr.
22,500
To Cash A/c
22,500
(Goods purchased for cash)
Apr 22 Sales Return A/c Dr. 2,000
To Cash A/c 2,000
(Goods sold to Krishna returned)
Apr 24
Cash A/c
Dr.
12,500
Discount Allowed A/c
Dr.
500
To Krishna A/c
13,000
(Received from Krishna)
Apr 28
Shyam A/c
Dr.
22,500
To Cash A/c
21,500
To Discount Received A/c
1,000
(Paid to Shyam)
Apr 30
Cash A/c
Dr.
80,000
To Sales
80,000
(Cash sales for the month of April)
Apr 30
Rent A/c
Dr.
5,000
To Cash A/c
5,000
(Paid rent)
Apr 30
Salary A/c
Dr.
10,000
To Cash A/c
10,000
(Paid salary)

flag
Suggest Corrections
thumbs-up
131
similar_icon
Similar questions
View More
Join BYJU'S Learning Program
similar_icon
Related Videos
thumbnail
lock
Cost price
MATHEMATICS
Watch in App
Join BYJU'S Learning Program
CrossIcon