Journalise the following:

(i) Received a V.P.P. from Mohan Lal for ₹ 25,000. Sent a peon to collect it who paid ₹ 200 as cartage.

(ii) Received ₹ 1,000 from sales of old newspapers and ₹ 5,000 from sales of old chairs.

(iii) Goods given away as charity goods costing ₹ 7,000.

(iv) Received Cash from a debtor written off as bad-debt last year ₹ 20,000.

(v) Sold goods costing ₹ 50,000 to Ashok on credit at a profit of 20% on cost.

(vi) Sold goods costing ₹ 1,00,000 for ₹ 1,40,000.

(vii) Provide ₹ 50,000 as interest on Capital.

(viii) Paid rent of building ₹ 60,000 by cheque. Half the building is used by the proprietor for residential purpose.

(ix) Outstanding salary at the end of the year ₹ 30,000.

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Solution

Journal
In the Books of …

Date Particulars L.F. Debit Amount (₹) Credit Amount (₹)

i) Purchases A/c Dr. 25,000

Cartage A/c Dr. 200

To Cash A/c
25,200

(VPP received and cartage paid)

ii) Cash A/c Dr. 1,000

To Sundry Income A/c
1,000

(Income received from sale of old newspapers)

Cash A/c Dr. 5,000

To Furniture A/c
5,000

(Cash received from sale of old chairs)

iii) Charity A/c Dr. 7,000

To Purchases A/c
7,000

(Goods given away as charity)

iv) Cash A/c Dr. 20,000

To Bad Debts Recovered A/c
20,000

(Bad debts recovered)

v) Ashok’s A/c Dr. 60,000

To Sales A/c
60,000

(Goods sold on credit to Ashok at a profit of 20%)

vi) Cash A/c Dr. 1,40,000

To Sales A/c
1,40,000

(Goods sold for cash)

vii) Interest on Capital A/c Dr. 50,000

To Capital A/c
50,000

(Provided interest on capital)

viii) Rent A/c Dr. 30,000

Drawings A/c 30,000

To Bank A/c
60,000

(Rent paid for the building)

ix) Salary A/c Dr. 30,000

To Outstanding Salary A/c
30,000

(Outstanding salary provided)

TOTAL 3,98,200 3,98,200

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(i)	Received a V.P.P. from Mohan Lal for ₹ 25,000. Sent a peon to collect it who paid ₹ 200 as cartage.
(ii)	Received ₹ 1,000 from sales of old newspapers and ₹ 5,000 from sales of old chairs.
(iii)	Goods given away as charity goods costing ₹ 7,000.
(iv)	Received Cash from a debtor written off as bad-debt last year ₹ 20,000.
(v)	Sold goods costing ₹ 50,000 to Ashok on credit at a profit of 20% on cost.
(vi)	Sold goods costing ₹ 1,00,000 for ₹ 1,40,000.
(vii)	Provide ₹ 50,000 as interest on Capital.
(viii)	Paid rent of building ₹ 60,000 by cheque. Half the building is used by the proprietor for residential purpose.
(ix)	Outstanding salary at the end of the year ₹ 30,000.

Journal In the Books of …
Date	Particulars		L.F.	Debit Amount (₹)	Credit Amount (₹)
i)	Purchases A/c	Dr.		25,000
	Cartage A/c	Dr.		200
	To Cash A/c				25,200
	(VPP received and cartage paid)

ii)	Cash A/c	Dr.		1,000
	To Sundry Income A/c				1,000
	(Income received from sale of old newspapers)

	Cash A/c	Dr.		5,000
	To Furniture A/c				5,000
	(Cash received from sale of old chairs)

iii)	Charity A/c	Dr.		7,000
	To Purchases A/c				7,000
	(Goods given away as charity)

iv)	Cash A/c	Dr.		20,000
	To Bad Debts Recovered A/c				20,000
	(Bad debts recovered)

v)	Ashok’s A/c	Dr.		60,000
	To Sales A/c				60,000
	(Goods sold on credit to Ashok at a profit of 20%)

vi)	Cash A/c	Dr.		1,40,000
	To Sales A/c				1,40,000
	(Goods sold for cash)

vii)	Interest on Capital A/c	Dr.		50,000
	To Capital A/c				50,000
	(Provided interest on capital)

viii)	Rent A/c	Dr.		30,000
	Drawings A/c			30,000
	To Bank A/c				60,000
	(Rent paid for the building)

ix)	Salary A/c	Dr.		30,000
	To Outstanding Salary A/c				30,000
	(Outstanding salary provided)
	TOTAL			3,98,200	3,98,200