Question

Journalise the following:
1. Purchased goods for ₹ 25,000 for Cash and paid ₹ 200 for carriage on these goods.
2. Purchased goods for ₹ 40,000 on Credit from Sudhir and paid ₹ 500 for carriage on these goods.
3. Purchased machinery for ₹ 20,000 and spent ₹ 500 on its carriage and ₹ 300 on its installation.
4. Purchased goods from Anil for ₹ 15,000.
5. Sold $\frac{1}{3}$rd of the above goods at a profit of 20% on cost.
6. Goods costing ₹ 12,000 sold to Mr. X, issued invoice at 25% above cost less 10% trade discount.
7. Provide 20% depreciation on furniture costing ₹ 10,000.
8. Gave as charity − Cash ₹ 500 and Goods ₹ 2,000.

Answer 1

Journal In the Books of …
Date	Particulars		L.F.	Debit Amount (Rs)	Credit Amount (Rs)
1)	Purchases A/c	Dr.		25,000
	Carriage A/c	Dr.		200
	To Cash A/c				25,200
	(Purchased goods for cash and carriage paid)
2)	Purchases A/c	Dr.		40,000
	To Sudhir’s A/c				40,000
	(Goods purchased on credit from Sudhir)
	Carriage A/c	Dr.		500
	To Cash A/c				500
	(Carriage paid on goods purchased from Sudhir)
3)	Machinery A/c	Dr.		20,800
	To Bank A/c				20,800
	(Machinery purchased and expenses paid)
4)	Purchases A/c	Dr.		15,000
	To Anil’s A/c				15,000
	(Purchased goods on credit from Anil)
5)	Cash A/c	Dr.		6,000
	To Sales A/c				6,000
	(Goods purchased from Anil sold for cash at a profit of 20% on cost)
6)	X’s A/c (WN)	Dr.		13,500
	To Sales A/c				13,500
	(Goods sold to X)
7)	Depreciation A/c	Dr.		2,000
	To Furniture A/c				2,000
	(Depreciation charged on furniture)
8)	Charity A/c	Dr.		2,500
	To Cash A/c				500
	To Purchases A/c				2,000
	(Cash and goods given in charity)
	TOTAL			1,25,500	1,25,500

Working Notes: Calculation of amount of goods sold to X